Our Jan. 28 hour on economic mobility and the current state of ‘The American Dream’ featured a fascinating closing segment on an unusual campaign for a higher minimum wage in California.
The advocate? Conservative millionaire Ron Unz, chairman of the Higher Wages Alliance and part of a growing number of figures on the right side of the political spectrum asking for a higher minimum wage. Unz is advocating for a state wage as high as $12 an hour in the Golden State. He was joined on our air by Mercatus Center economist Tyler Cowen, who thinks a higher minimum wage is a step in the wrong direction.