Posted on 3/4/2004, 3:41:31 AM by Libloather
How To Win Minimum Wage Argument
March 3, 2004
BEGIN TRANSCRIPT
RUSH: Fifteen years of service to humanity behind the Golden EIB Microphone, and yet these issues keep coming up. They keep needing to be explained, because there are people that keep tuning in, not just on this program, but getting interested in these issues, who instinctively, because they're very compassionate, think instinctively, raising the minimum wage, why, who's opposed to that? Why would anybody be opposed to raising the minimum wage? Why, you can't even live on it, why not raise it?
And that's why it's an easy sell, because people don't understand economics because it isn't properly taught at any level till you get to the Wharton Business School, and then they teach to you manipulate accounting books there. Just kidding! The point is that the minimum wage is earned by - 75% of the people who earn minimum wage are teenagers in entry-level positions. The minimum wage is not intended to support a family of two, three, four, or any number. The unions are the big proponents, and this is why liberals love this, of the minimum wage, because the minimum wage raises the pay scale everywhere else. If you're going to say that an unskilled, first-time job holder is worth, say, ten bucks an hour, then how can you say that the experienced, 30-year-old union worker, who's been working at this all of his life is not worth four times that? So the higher the minimum wage goes, the higher union contracts go.
But here's a way to catch liberals on this and, by the way, there's no reason the federal government should set arbitrarily the costs of labor, particularly at the lower end, when you talk about untrained, entry-level labor. The market should set that, not the government, because the higher the minimum wage goes, the fewer employees there are going to be per business, because there is not this endless pool of money to hire people. They have to fire others if they are made to hire more people than minimum wage.
Now, here's the thing you can ask. To any liberal, and it will work every time, I mean when I say it will work it will shut them up or it will make them trip up and say something that indicates they know they are engaged in defending a fallacy. What is the minimum wage right now anyway? Does anybody know what it is? I don't know what it is. Let's just guess. Okay, $6.15, let's round it off to seven bucks an hour. Let's just say the win wage is $7 an hour and let's say that Senator Kerry and the Democrats come along and suggest raising it to $10 an hour. They'll do this on the basis, "$7 is insulting. $7 an hour is paltry, why, a family of four can't live on $7 an hour. Why, that's absolutely offensive. Who in the world could live on that?" Ignoring all the while who earns the minimum wage.
So then your reaction to that is, well, wait a second, wait a second, if seven bucks is too little, why stop at ten? Why not raise the minimum wage to 20 bucks an hour? And the liberal will go, "Yeah, now you're talking, that's fair". Now you get wait a minute, why stop there. If 20 bucks an hour is better than ten, let's raise it to 30. "Yeah! It's even better! Why, why didn't they think of that? Minimum wage, 30 bucks an hour, that's fair! Businesses, they're screwing everybody. I need it. I deserve it. I'm an American."
Well, that's great, if 30 bucks an hour is fine for the minimum wage, let's make it 40. In fact, let's do this. Let's just establish the minimum wage as $75,000 a year. "Well, you can't do that." And then you ask, well, why not? "Well, that's too high."
Okay, let's make the minimum wage $40. Let's make the median income in this country, the minimum wage, minimum wage is $40,000. "Naw, you can't do that." Well, why not? And this is when the liberals are going to start going blah, blah, blah, blah, because the minimum wage is seven, and it ought to be ten, and then the ten can be 20, and the 20 can be 30, then why do you arbitrarily say $40,000 a year for minimum wage is too high? And at whatever figure, whatever salary, 40, 50, a hundred, whatever figure you give the liberal that makes him stop and say, "No, that's too much," you've won the argument because if he's willing to say that a certain level of wage is too high, then philosophically the argument is over because he is agreeing that at some point it gets too high. Why? It's not what the figure that he cites is too high. It's why he'll say so. "Well, you can't pay everybody that." Why not? "Well, some are not worth it..." Whatever answer they come up with, if it applies at 40, it applies at ten, because it's an arbitrary number, both the 40 grand a year as a minimum wage and ten bucks an hour as a minimum.
If $5.50 - Oh, good, double it $10.20 an hour, $10.30. "Still, that's not enough." Keep going, and I guarantee you folks you'll win this every time. Just don't get hung up on numbers. Numbers are irrelevant, all you're doing is coming up with a number to make the liberals say, "Ah, you can't go that high," because once the liberal says that, the liberal is admitting you can't just arbitrarily do that. I mean, they won't even know why they're saying it. This is all emotion. Some of them probably think, if you suggest it - I've had it happen on this program, by the way, I've suggested why don't we just all make a minimum of a hundred thousand dollars? Why doesn't it become federal law? And there are some liberals that would agree with. Then you could say, Okay, why stop there? Why doesn't everybody get a hundred thousand dollars a year and a Mercedes? "Yeah! That's even better!" And, in addition to a hundred thousand dollars a year and the Mercedes, a condo on the beach! "Yeah!" Now, at some point you could cause them all to stop. However ridiculous they're willing to be, at some point even a liberal will say, "Well, that's too much," and once that point is reached, you've won the argument. If you know what you're doing at that point.
From 3/01/04 -
...the minimum wage bill (A.9710) would raise New York's minimum hourly wage incrementally from $5.15 to $7.10 as of January 1, 2006.
I'm wondering how many jobs are lost when the minimum wage is boosted, say, a buck...
Feels good - eh?
Here in WI Bingo Doyle wants to raise the state minimum-wage to - get this - attract more jobs. What a maroon.
I have yet to see any stats on the matter but I've always wondered how many jobs are LOST when the minimum wage goes up and employers can no longer afford some employees.
We may never know...
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