WEBVTT - Rush Limbaugh Mar 10, 2021

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<v Speaker 1>So three years ago, liberals in Seattle insisted on raising

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<v Speaker 1>the minimum wage to fifteen dollars an hour. Business owners

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<v Speaker 1>and others warned that it would cost jobs and hurt

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<v Speaker 1>the economy. Now, a study conducted by economists at the

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<v Speaker 1>University of Washington confirms what everybody knew except the left.

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<v Speaker 1>Instead of helping workers, the minimum wage increase hurt them.

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<v Speaker 1>The study found a dramatic effect on business owners who

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<v Speaker 1>stopped hiring, They reduced hours for existing workers, and they

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<v Speaker 1>let other workers go. The study estimates that the average

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<v Speaker 1>low wage worker in Seattle lost a hundred twenty five

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<v Speaker 1>dollars a month due to the minimum wage increase. The

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<v Speaker 1>losses it caused far outweighed any benefits. And I told

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<v Speaker 1>you Monday on my show what's happening in McDonald's. Their

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<v Speaker 1>stock was taking They turned it around when they began

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<v Speaker 1>installing thousands of robot kiosks to bring down labor costs.

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<v Speaker 1>The Kayoks don't demand fifteen dollars an hour. Liberals believe

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<v Speaker 1>that business owners have piles of cash sitting around unused

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<v Speaker 1>that can't support the costly policies and the left demands.

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<v Speaker 1>But it doesn't work like that. Keeping Labor costs under

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<v Speaker 1>control is crucial to the survival of any business, and

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<v Speaker 1>knowing what they are. When liberals arrogantly raise those costs arbitrarily,

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<v Speaker 1>it always hurts the employees. They're the ones that suffer.

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<v Speaker 1>But even with this fresh evidence, liberals will never admit

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<v Speaker 1>that they were wrong. They'll find ways to inflict even

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<v Speaker 1>more pain on the economy and kill more jobs. That's

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<v Speaker 1>just what they do when they're trying to help people.

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<v Speaker 1>M