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Open to Debate

Reconsidering The Minimum Wage

Open to Debate

Open to Debate

Education, News, Society & Culture

4.62.2K Ratings

🗓️ 8 January 2014

⏱️ 13 minutes

🧾️ Download transcript

Summary

Although widespread retail-worker strikes failed to enact a rise of the federal minimum wage in 2013, on the state level, the tide is turning. Last week 13 states started the New Year by raised their minimum wage, and as many as 11 states, and Washington, D.C., are considering passing similar legislation in 2014. To shed light on the evolving public debate surrounding wage gaps in the US we are revisiting a debate we staged last Spring “Abolish the Minimum Wage.” That evening James Dorn of the Cato Institute and popular economist Russ Roberts argued for the motion, and faced Jared Bernstein from the Center on Budget and Policy Priorities and Karen Kornbluh, a former senior adviser to President Barack Obama.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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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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