Wage against the machine: the distortions of minimum pay

最低工资越高越好?

The Intelligence from The Economist

2025-11-25

22 分钟
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For decades governments have found minimum-wage rises a politically expedient means of redistribution. But the onward economic distortions have at last become clear. Of course AI can write a faster cover letter — perhaps even a better one. But there are knock-on costs when everyone is doing it. And a look at Florida's bold experiment in the free choice of unbundled education. Get a world of insights by subscribing to Economist Podcasts+. For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.
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  • The Economist.

  • Hello and welcome to The Intelligence from The Economist.

  • I'm your host Rosie Blau.

  • Every weekday, we provide a fresh perspective on the events shaping your world.

  • Writing a cover letter is a horrible task.

  • How to sell yourself as the perfect candidate

  • who meets all the requirements and is also a brilliant person to work with.

  • Small wonder that many of us now use AI to help.

  • But where exactly does this get us?

  • And if you were one of those people who virtually danced in the streets

  • when kids were allowed back into school during the pandemic, this story is utterly confounding.

  • In one county in Florida, one in every 15 children is homeschooled.

  • Our correspondent reports.

  • First up though,

  • No matter which side of the political divide you're on,

  • Who raised the minimum wage, putting 1400 pounds in the pockets of the lowest paid?

  • Labour.

  • And no matter the political era,

  • The prospect of young people would be blighted by Labour's minimum wage policy.

  • The minimum wage and how best to implement it is a regular topic of debate.