California’s $20 fast-food minimum wage cut employment by roughly 18,000 jobs and pushed up restaurant prices. Cato’s Ryan Bourne talks to UC San Diego economist Jeff Clemens about California’s wage-floor experiment—and the broader lessons for state and federal minimum wage policy.<hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

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Each week on Cato Podcast, leading scholars and policymakers from the Cato Institute delve into the big ideas shaping our world: individual liberty, limited government, free markets, and peace. Whether unpacking current events, debating civil liberties, exploring technological innovation, or tracing the history of classical liberal thought, we promise insightful analysis grounded in rigorous research and Cato’s signature libertarian perspective. Hosted on Acast. See acast.com/privacy for more information.