Speaker 1: So three years ago, liberals in Seattle insisted on raising
Speaker 1: the minimum wage to fifteen dollars an hour. Business owners
Speaker 1: and others warned that it would cost jobs and hurt
Speaker 1: the economy. Now, a study conducted by economists at the
Speaker 1: University of Washington confirms what everybody knew except the left.
Speaker 1: Instead of helping workers, the minimum wage increase hurt them.
Speaker 1: The study found a dramatic effect on business owners who
Speaker 1: stopped hiring, They reduced hours for existing workers, and they
Speaker 1: let other workers go. The study estimates that the average
Speaker 1: low wage worker in Seattle lost a hundred twenty five
Speaker 1: dollars a month due to the minimum wage increase. The
Speaker 1: losses it caused far outweighed any benefits. And I told
Speaker 1: you Monday on my show what's happening in McDonald's. Their
Speaker 1: stock was taking They turned it around when they began
Speaker 1: installing thousands of robot kiosks to bring down labor costs.
Speaker 1: The Kayoks don't demand fifteen dollars an hour. Liberals believe
Speaker 1: that business owners have piles of cash sitting around unused
Speaker 1: that can't support the costly policies and the left demands.
Speaker 1: But it doesn't work like that. Keeping Labor costs under
Speaker 1: control is crucial to the survival of any business, and
Speaker 1: knowing what they are. When liberals arrogantly raise those costs arbitrarily,
Speaker 1: it always hurts the employees. They're the ones that suffer.
Speaker 1: But even with this fresh evidence, liberals will never admit
Speaker 1: that they were wrong. They'll find ways to inflict even
Speaker 1: more pain on the economy and kill more jobs. That's
Speaker 1: just what they do when they're trying to help people.
Speaker 1: M