Minimum Wage
topic on 5 shows · 7 statements across 7 episodes
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7 statements about Minimum Wage, every show
Calacanis: Studies show $12–$20 minimum wage causes no unemployment or automation
“All of the studies now show when you go to 12 to 20 dollars an hour, there's no difference. Doesn't cause any economic hardship for those companies. And it doesn't cause unemployment or automation.”
Smith: Real-world political redistribution relies on inefficient market distortions
“In the real world, redistribution happens via things like the minimum wage or, you know, like letting the AMA decide how many doctors there's gonna be. So, so redistribution in the real world is not always the most efficient thing.”
Sanchez: Focus should be moving workers out of minimum wage jobs
“We shouldn't be trying to raise the minimum wage. We should be trying to get people out of minimum wage jobs. That should be a stepping stone to a higher level job, and we should have more advancement in our careers as opposed to stagnation and expecting the s…”
Sanchez: Minimum-wage jobs are stepping stones, not full careers
“That's what minimum wage and those jobs are meant for. They're not meant To stay for you for your entire career. You're meant to climb the ladder from a skills perspective, and then you won't have to work so many hours unless you want to.”
Horowitz: Henry Ford doubled wages primarily to combat assembly line attrition
“In fact, Henry Ford, you know, famously doubled the minimum wage, but the reason he doubled the minimum wage was he had so much attrition because people hated those manufacturing jobs so much.”
Lawmakers of any party should fight for UBI over minimum wage
“Well, I don't, it doesn't matter whether you're a Democrat or a Republican, you should fight for UBI instead of fighting for minimum wage.”
Cowen: Minimum wage hikes raise food prices and dissipate initial gains
“So if you raise minimum wages, say that raises food prices, there's good evidence for this, and other poor people have to pay more for their food, And a lot of those apparent first round gains get given back and they dissipate.”