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Episode 104: “You Just Hate the Poor!” and Other Minimum Wage Misunderstandings
Manage episode 226793539 series 1538847
Content provided by Words and Numbers, Antony Davies, and James R. Harrigan. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Words and Numbers, Antony Davies, and James R. Harrigan or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Fun fact: the profit margin for most businesses is about 8 percent. When you’re talking about categories like restaurants and retail stores, that margin drops to around 2 percent. Yet, some people still seem to believe that all companies are perfectly capable of simply absorbing dramatic increases in their operating costs—namely, labor—with no changes in behavior by these companies. Artificially inflating labor costs, as in the form of minimum wage increases, will not lead to decreased hours, lay-offs, deferred hiring, decreases in benefits, or increased prices for consumers because… reasons. And if you voice disagreement with any of these beliefs, then you must just hate the poor or other ad hominem claims. But who really “hates” the poor based on actual policy outcomes, the #FightFor15 crowd or those who oppose minimum wage hikes? Join Antony Davies and James Harrigan as they dig into this and more on this week’s episode of Words and Numbers.
Quick hits
Lyft offers free rides to shelters
Foolishness of the week
Topic of the week: “You Just Hate the Poor!” and Other Minimum Wage Misunderstandings
Analysis of Minimum Wage in Pennsylvania
Census data on household incomes
Bureau of Labor Statistics data on minimum wage workers
A $15 minimum wage hurts workers
Join the conversation
James R. Harrigan on Minds.com
Let us know what you think at
447 episodes
Share
Manage episode 226793539 series 1538847
Content provided by Words and Numbers, Antony Davies, and James R. Harrigan. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Words and Numbers, Antony Davies, and James R. Harrigan or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Fun fact: the profit margin for most businesses is about 8 percent. When you’re talking about categories like restaurants and retail stores, that margin drops to around 2 percent. Yet, some people still seem to believe that all companies are perfectly capable of simply absorbing dramatic increases in their operating costs—namely, labor—with no changes in behavior by these companies. Artificially inflating labor costs, as in the form of minimum wage increases, will not lead to decreased hours, lay-offs, deferred hiring, decreases in benefits, or increased prices for consumers because… reasons. And if you voice disagreement with any of these beliefs, then you must just hate the poor or other ad hominem claims. But who really “hates” the poor based on actual policy outcomes, the #FightFor15 crowd or those who oppose minimum wage hikes? Join Antony Davies and James Harrigan as they dig into this and more on this week’s episode of Words and Numbers.
Quick hits
Lyft offers free rides to shelters
Foolishness of the week
Topic of the week: “You Just Hate the Poor!” and Other Minimum Wage Misunderstandings
Analysis of Minimum Wage in Pennsylvania
Census data on household incomes
Bureau of Labor Statistics data on minimum wage workers
A $15 minimum wage hurts workers
Join the conversation
James R. Harrigan on Minds.com
Let us know what you think at
447 episodes
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Similar to Words & Numbers
America is more divided than ever—but it doesn’t have to be. Open to Debate offers an antidote to the chaos. We bring multiple perspectives together for real, nonpartisan debates. Debates that are structured, respectful, clever, provocative, and driven by the facts. Open to Debate is on a mission to restore balance to the public square through expert moderation, good-faith arguments, and reasoned analysis. We examine the issues of the day with the world’s most influential thinkers spanning s ...
…
continue reading
The London School of Economics and Political Science public events podcast series is a platform for thought, ideas and lively debate where you can hear from some of the world's leading thinkers. Listen to more than 200 new episodes every year.
…
continue reading
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continue reading
The Art of Charm is where self-motivated people, just like you, come to learn from the company’s coaches about to how to master human dynamics, relationships, and becoming your best self with the help of Johnny and AJ, the company’s founders. Johnny and AJ bring their 11 years of coaching experience from their famous Bootcamps, where they host clients in Los Angeles from all over the world and they share their stories, best practices and themselves on this weekly podcast. Not only does The A ...
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continue reading
The Seen and the Unseen, hosted by Amit Varma, features longform conversations that aim to give deep insights into the subjects being discussed. Timeless and bingeworthy.
…
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BackStory is a weekly public podcast hosted by U.S. historians Ed Ayers, Brian Balogh, Nathan Connolly and Joanne Freeman. We're based in Charlottesville, Va. at Virginia Humanities. There’s the history you had to learn, and the history you want to learn - that’s where BackStory comes in. Each week BackStory takes a topic that people are talking about and explores it through the lens of American history. Through stories, interviews, and conversations with our listeners, BackStory makes histo ...
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…
continue reading
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