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Podcast: Money Life with Chuck Jaffe
Episode: U.S. wage standards fall short in creating prosperity
Description: Arin Dube, an economics professor at UMass-Amherst, discusses his new book, author, "The Wage Standard: What's Wrong in the Labor Market and How to Fix It," noting that the federal minimum wage standard is so low that it's like having no standard at all, prompting many states to pass their own rules. Further, he notes that real wage growth happens mostly in times of full employment, so he is optimistic that sound policy and job demand can help fix problems in the current system. On way some employers get around minimum wage rules is in jobs that...