This video is so impressive, you have to watch it for yourself all the way until the end.
If the minimum wage kept up with productivity it would be around $22. So, Senator Elizabeth Warren asks, “What happened to the other $14.75? It certainly didn’t go to workers.”
Watch her outsmart Mr. Rutigiano, the restaurant owner who tries to mansplain inflation (at time 4:20). She then calls upon Professor Dube, economist as UMASS Amherst, to back her up that raising the minimum wage would not cause a major change in the price level. Well done, Senator.