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Employers in bidding wars for low-wage workers, changing relevance of minimum wage (Video)

The hot labor market has sent demand for higher pay skyrocketing across several typically low-wage industries and more workers are rejecting the federal minimum wage, according to a report from The New York Times. Lydia DePillis, economics reporter for The New York Times, joined CBS News to discuss the trend.

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Employers in bidding wars for low-wage workers, changing relevance of minimum wage (Video)

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Employers in bidding wars for low-wage workers, changing relevance of minimum wage (Video)

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Summary
Employers in bidding wars for low-wage workers, changing relevance of minimum wage (Video)
Title
Employers in bidding wars for low-wage workers, changing relevance of minimum wage (Video)
Description

The hot labor market has sent demand for higher pay skyrocketing across several typically low-wage industries and more workers are rejecting the federal minimum wage, according to a report from The New York Times. Lydia DePillis, economics reporter for The New York Times, joined CBS News to discuss the trend. CBS News Streaming Network is the premier 24/7 anchored streaming news service from CBS News and Stations, available free to everyone with access to the Internet. The CBS News Streaming Network is your destination for breaking news, live events and original reporting locally, nationally and around the globe. Launched in November 2014 as CBSN, the CBS News Streaming Network is available live in 91 countries and on 30 digital platforms and apps, as well as on CBSNews.com and Paramount+. Subscribe to the CBS News YouTube channel: https://youtube.com/cbsnews Watch CBS News: https://cbsn.ws/1PlLpZ7c Download the CBS News app: https://cbsn.ws/1Xb1WC8 Follow CBS News on Instagram: https://www.instagram.com/cbsnews/ Like CBS News on Facebook: https://facebook.com/cbsnews Follow CBS News on Twitter: https://twitter.com/cbsnews Subscribe to our newsletters: https://cbsn.ws/1RqHw7T Try Paramount+ free: https://bit.ly/2OiW1kZ For video licensing inquiries, contact: licensing@veritone.com