The Big Picture: Fight For $15 With Robert Reich

Robert Reich begins this video talking about morality - that "the majority of Americans agree that no-one who works full time should be in poverty, and neither should their family."

Reich describes the current situation where the minimum wage is not high enough to raise workers out of poverty and that "the working poor remain impoverished"

Reich argues that if the minimum wage kept up with inflation it would be $10.52 and if it kept up with productivity it would be more than that. He also describes what he calls the "virtuous cycle" where when individuals make a higher minimum wage, they spend that money which creates more demand, and therefore more jobs. 

Tags:
Economy
Minimum Wage