Скачать или смотреть Follow the line: Does raising the minimum wage hurt the economy?

You know all that “sky is falling” rhetoric about what would happen if the US increased the minimum wage? Well, let’s see how that stands up. Read the full transcript below.

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TRANSCRIPT
February 11, 2016

BARRY GOLDWATER: It means economic chaos for the very people they are trying to help.

LINTZ DEPARTMENT STORES OWNER: We would have to liquidate.

REP. MICKEY EDWARDS (R-OK): The very worker that the Federal minimum wage was intended to aid will find himself out of work.

RONALD REAGAN: The minimum wage has caused more misery and unemployment than anything since the Great Depression.

SEN. ORRIN HATCH (R-UT): Youth unemployment and black unemployment will drastically rise.

SEN. BOB DOLE (R - KS): There are going to be a lot of young people who will lose their jobs, and a lot of them will be black teenagers.

NATIONAL RESTAURANT ASSOCIATION: A minimum wage increase will cost our industry jobs.