(2014/05/04) It makes moral and economic sense (Minimum Wage)
Best of the Left - Leftist Perspectives on Progressive Politics, News, Culture, Economics and Democracy
Jay Tomlinson
4.5 • 3.4K Ratings
🗓️ 4 May 2014
⏱️ 76 minutes
🧾️ Download transcript
Summary
Edition #823
It makes moral and economic sense
Today we look at the reasons why it's both moral and economically sound to raise the minimum wage to a reasonable level and why those who oppose this change are stupid, wrong and ugly doodyheads.
Ch. 1: Intro - Theme: A Fond Farewell, Elliott Smith
Ch. 2: Act 1: The dignity of labor - Martin Luther King Jr.
Ch. 3: Song 1: A fair day's wage - Ronan Macmanus
Ch. 4: Act 2: David Card and Alan Kruegar 'New Economics Of Minimum Wage' - @teamgoodfight - Air Date 4-24-14
Ch. 5: Song 2: Minimum wage - The expendables
Ch. 6: Act 3: Should We Raise the Minimum Wage? - vlogbrothers - Air Date: 03-17-14
Ch. 7: Song 3: Minimum wage - The busboys
Ch. 8: Act 4: Paying More And Getting More For Your Money - @teamgoodfight - Air Date 4-24-14
Ch. 9: Song 4: Minimum wage - Fenix TX
Ch. 10: Act 5: All Work and No Pay Part 1 - @BillMoyersHQ And Company - Air Date 4-4-14
Ch. 11: Song 5: Minimum wage - Ramain Virgo
Ch. 12: Act 6: The Holes in the CBO Minimum Wage Report - Majority Report - Air Date: 02-24-14
Ch. 13: Song 6: Minimum wage - The closet monsters
Ch. 14: Act 7: All Work and No Pay Part 2 - @BillMoyersHQ And Company - Air Date 4-4-14
Ch. 15: Song 7: Minimum wage - Keven Sandbloom
Ch. 16: Act 8: Raise the Minimum Wage to 10.10 via @NelpNews - Best of the Left Activism
Ch. 17: Song 8: Activism - Shihan
Ch. 18: Act 9: Intro to: Sen. Elizabeth Warren talks income inequality - All In with Chris Hayes - Air Date: 5-1-14
Voicemails:
Ch. 19: On the underfunding of public schools and mishandling of special needs students - Sally from San Francisco
Ch. 20: Respectability politics and Donald Sterling - Daniel from Houston
Leave a message at 202-999-3991
Voicemail Music:
Loud Pipes - Ratatat
Ch. 21: Final comments on the good problem I'm having and what's coming up on the bonus show for members
Closing Music:
Here We Are - Patrick Park
ACTIVISM:
Raise the Minimum Wage via NELP
Raise the Wage via The White House
Sources/further reading:
"Senate Republicans Block Minimum Wage Bill”
"Hawaii Passes A $10.10 Minimum Wage Without Waiting For Congress”
"Seattle Mayor Plans to Raise Minimum Wage to $15”
"Opinion Poll: New York Small Businesses Support Higher Minimum Wages for Cities and Counties”
"Five Economic Reforms Millennials Should Be Fighting For: Guaranteed jobs, universal basic incomes, public finance and more”Jesse Myerson
Written by BOTL social media/activism director Katie Klabusich
Produced by:
Jay! Tomlinson
Thanks for listening!
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Transcript
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| 0:00.0 | This program is made possible by the members and donors to the show for details |
| 0:06.1 | visit the membership tab at bestofalf.com. |
| 0:08.7 | And welcome to the award winning Best of Left Podcasts with Cups today from Martin Luther King Jr. |
| 0:13.0 | The Good Fight, The Vlog Brothers, Mortars & Company, The Majority Report, |
| 0:16.7 | Activism from Best of Left, and All in with Chris Hayes. |
| 0:19.9 | And if you only learn one thing today, I hope it's that the National Economy is more |
| 0:24.7 | complicated than a freshman's economic theory textbook. |
| 0:28.0 | Surprising, right? |
| 0:30.0 | You are demanding that this city will respect the dignity of labor. |
| 0:46.0 | So often we overlook the work and the significance of those who are not in professional charge. |
| 0:57.0 | Of those who are not in the so-called big jobs. |
| 1:04.0 | But let me say to you tonight that whenever you are engaged in work, that surge humanity |
| 1:15.0 | and is for the building of humanity, it has dignity and it has work. |
| 1:26.0 | You are reminding not only Memphis, but you are reminding the nation that it is a crime |
| 1:39.0 | for people to live in this rich nation and receive starvation wage. |
| 2:09.0 | I actually studied economics in college and for a while I thought about doing a PhD. |
| 2:38.0 | My intro economics class was taught by a guy named Martin Feldstein, who had been Ronald Reagan's chief economics advisor. |
| 2:45.0 | I got you hooked, huh? |
| 2:46.0 | Actually, what got me hooked was arguing with him. |
| 2:48.0 | Anyway, he argued against raising the minimum wage and he's done that for decades. |
| 2:52.0 | He makes the classic argument that a higher minimum wage is a terrible idea because it inevitably reduces employment. |
| 2:57.0 | It is literally the textbook example of how well-intentioned government policy can make everyone worse off. |
... |
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