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The Hartmann Report

Why is America Subsidizing Minimum Wage Employers?

The Hartmann Report

Thom Hartmann

News, Congress, America, Thom Hartmann, Climate Change, Democracy, Debate, Economics, The Hartmann Report

4.51.3K Ratings

🗓️ 24 October 2017

⏱️ 62 minutes

🧾️ Download transcript

Summary

Thom vs Julio - Why is American subsidizing minimum wage employers? Is Trump Merely a bigot and a bully? Why we need pensions instead of 401ks?

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Transcript

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0:00.0

This is the Tom Hartman program.

0:15.0

Greetings my friends, patriots, lovers of democracy, truth and justice,

0:20.0

believers in peace of freedom and the American way.

0:23.2

Tom Hartman here with you.

0:24.7

A new study out of the general accounting office, the GAO.

0:28.2

This is arguably the least political branch of the executive branch, the GAO, found that millions of families

0:40.7

with a worker earning the federal minimum wage are living in poverty.

0:45.0

About 20% of families with a worker earning the federal minimum wage, 725 an hour,

0:50.0

are living in poverty.

0:52.0

Now that, keep in mind this most of those families have

0:55.6

somebody else in the family who's not working the minimum wage you know or

1:00.9

who you know or have additional you know, or who, you know, or have additional, you know, wages coming into the

1:04.4

household, while household income is just slightly, I think it's about 3% above where it was in

1:10.6

1980. Individual incomes are a little more than half

1:15.6

of what they were in 1980.

1:18.2

And it's really simple.

1:19.9

You have multiple people in houses going to work

1:22.2

and all this kind of stuff.

1:23.7

So Bernie Sanders has introduced legislation called the Raise the Wage Act of 2017.

1:29.6

It has 30 Senate co-sponsors and would hike the federal minimum wage to $15 an hour, but most importantly

1:35.6

index it to inflation.

1:37.0

And by the way, that hike would take place over about a seven-year period.

...

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