Minimum Wage and the Economics of Poverty

For our series Strapped: A Look at Poverty in America, Robert Reich discusses the economics of poverty, the debate over raising the minimum wage, and how the recession has affected the poorest Americans. He’ll also talk about how growing income inequality is connected to poverty, and a recent report that the American middle class is no longer the wealthiest middle class in the world and what that change means. Professor Reich is Chancellor’s Professor of Public Policy at the University of California at Berkeley and Senior Fellow at the Blum Center for Developing Economies and was Secretary of Labor in the Clinton administration. He has written 13 books—his latest is Beyond Outrage—and the film "Inequality for All."