Wage against the machine: the distortions of minimum pay

About this episode

<p>For decades governments have found minimum-wage rises a politically expedient means of redistribution. But the onward <a href="https://www.economist.com/leaders/2025/11/20/why-governments-should-stop-raising-the-minimum-wage?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">economic distortions</a> have at last become clear. Of course AI can write a faster cover letter — perhaps even a better one. But there are <a href="https://www.economist.com/finance-and-economics/2025/11/13/how-ai-is-breaking-cover-letters?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">knock-on costs</a> when everyone is doing it. And a look at Florida’s bold experiment in the free choice of <a href="https://www.economist.com/united-states/2025/11/13/florida-is-running-a-radical-experiment-in-education?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">unbundled education</a>.</p><br><p><em>Get a world of insights by </em><a href="https://subscribenow.economist.com/podcasts-plus" rel="noopener noreferrer" target="_blank"><em>subscribing to Economist Podcasts+</em></a><em>. For more information about how to access Economist Podcasts+, please visit our </em><a href="https://myaccount.economist.com/s/article/What-is-Economist-Podcasts" rel="noopener noreferrer" target="_blank"><em>FAQs page</em></a><em> or watch </em><a href="https://www.youtube.com/watch?v=Gczo71bg1uY" rel="noopener noreferrer" target="_blank"><em>our video</em></a><em> explaining how to link your account.</em></p><br><p><br></p> <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>