Minimum wage hurts wage earners ft. Burt Folsom | #TruthStraightUp

Progressives are experts at harming the very people they’re trying to help. Case in point? Minimum wage.

During the Great Depression, the new minimum wage put people out of work when they needed it most. When government raised the minimum wage in the 1960s and 1970s, it yielded the same result, this time hurting blacks and women the most.

What this tells us is that raising the minimum wage AGAIN, this time to $15 or more an hour, would be a total disaster.

Let’s actually help those in need by giving them a chance to enter the workforce on the first rung of the ladder and not throw them into unemployment with a high minimum wage.

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Transcript:

Progressives are experts at harming the very people they are supposedly trying to help. For example, minimum wage was a disaster from the beginning.

In the 1930s under President Roosevelt, the minimum wage put people out of work in the Great Depression because businesses could not afford to maintain a large work staff under depression-like conditions.

When we raised the minimum wage sharply in the 1960s and 1970s, it was the same bad result. Black teenage unemployment rose sharply. Women and blacks in general were out of work often.

What this suggests is that raising the minimum wage to 15 dollars an hour would be another disaster. Let’s help people and give them a chance to enter the workforce, to get onto the first rung of the ladder, and to not be thrown into unemployment by a high minimum wage.

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