Reconsidering The Minimum Wage
Open to Debate
Open to Debate
4.6 • 2.2K Ratings
🗓️ 8 January 2014
⏱️ 13 minutes
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| 0:00.0 | I'm John Donbass, host and moderator of Intelligent Squared U.S., although widespread retail |
| 0:07.5 | workers' strikes failed to force an increase in the federal minimum wage in 2013. |
| 0:12.6 | On the state level, the tide seems to be turning. |
| 0:15.9 | Last week, 13 states started the new year by raising their minimum wages, and as many |
| 0:20.7 | as 11 other states, plus Washington, D.C., are considering similar legislation in 2014. |
| 0:26.9 | To shed some light on this evolving public debate surrounding wage gaps in the U.S., we are |
| 0:32.3 | revisiting a debate that we staged last spring, abolish the minimum wage. |
| 0:38.0 | That evening, James Dorn of the Cato Institute and popular economist Russ Roberts argued for |
| 0:42.9 | that motion, they faced Jared Bernstein from the Center on Budget and Policy Priorities, |
| 0:48.1 | and Karen Cornblow, a former senior adviser to President Barack Obama. |
| 0:53.8 | We have two teams of two arguing for and against abolishing the minimum wage. |
| 0:58.3 | The side arguing for the motion, Russell Roberts and James Dorn have said that the minimum |
| 1:04.1 | wage actually should be abolished. |
| 1:05.9 | It should be abolished actually because it hurts the people that is trying to help, that |
| 1:09.8 | it makes workers artificially more expensive, and that that is something that kills jobs. |
| 1:15.8 | The team arguing against abolishing the minimum wage, in fact, they're saying that it should |
| 1:20.4 | be raised, say that few policies have worked better as designed over 75 years than this |
| 1:26.4 | one, and they say they're making the moral argument that to abolish the minimum wage |
| 1:31.0 | would pull the rug out from under millions of American families who are depending on it. |
| 1:36.3 | I want to put a question to the side that is arguing to abolish the minimum wage in |
| 1:40.4 | terms of impact, if the minimum wage were abolished today, effective tomorrow, what do you think |
| 1:46.1 | would happen? |
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