London School of Economics professor Alan Manning explains where the minimum wage stands in real terms in the United States today, the advantages of higher wages, why raising the minimum wages does not lower employment, how inequality is threatening society, how inequality drags down the entire economy and how raising wages can create more jobs.

On the Funner Half: Sam debates a confused Libertarian, plutocrat Tom Perkins gives an even more insane interview after comparing people concerned about inequality and your calls and IMs.

And keep the conversation going on our morning thread

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