1 00:00:00,120 --> 00:00:03,480 Speaker 1: So three years ago, liberals in Seattle insisted on raising 2 00:00:03,480 --> 00:00:06,760 Speaker 1: the minimum wage to fifteen dollars an hour. Business owners 3 00:00:06,760 --> 00:00:09,799 Speaker 1: and others warned that it would cost jobs and hurt 4 00:00:09,840 --> 00:00:12,840 Speaker 1: the economy. Now, a study conducted by economists at the 5 00:00:12,960 --> 00:00:17,160 Speaker 1: University of Washington confirms what everybody knew except the left. 6 00:00:17,520 --> 00:00:21,720 Speaker 1: Instead of helping workers, the minimum wage increase hurt them. 7 00:00:21,800 --> 00:00:24,919 Speaker 1: The study found a dramatic effect on business owners who 8 00:00:24,960 --> 00:00:28,680 Speaker 1: stopped hiring, They reduced hours for existing workers, and they 9 00:00:28,760 --> 00:00:32,320 Speaker 1: let other workers go. The study estimates that the average 10 00:00:32,360 --> 00:00:35,159 Speaker 1: low wage worker in Seattle lost a hundred twenty five 11 00:00:35,200 --> 00:00:38,920 Speaker 1: dollars a month due to the minimum wage increase. The 12 00:00:39,080 --> 00:00:42,360 Speaker 1: losses it caused far outweighed and the benefits. And I 13 00:00:42,400 --> 00:00:44,760 Speaker 1: told you Monday on my show, What's happening in McDonald's. 14 00:00:44,760 --> 00:00:47,640 Speaker 1: Their stock was tanking. They turned it around when they 15 00:00:47,680 --> 00:00:52,480 Speaker 1: began installing thousands of robot kiosks to bring down labor costs. 16 00:00:52,479 --> 00:00:56,080 Speaker 1: The kiosks don't demand fifteen dollars an hour. Liberals believe 17 00:00:56,080 --> 00:00:59,400 Speaker 1: that business owners have piles of cash sitting around unused 18 00:01:00,040 --> 00:01:03,160 Speaker 1: that can't support the costly policies the left demands. But 19 00:01:03,200 --> 00:01:06,640 Speaker 1: it doesn't work like that keeping labor costs under control 20 00:01:06,720 --> 00:01:09,720 Speaker 1: is crucial to the survival of any business and knowing 21 00:01:09,760 --> 00:01:13,880 Speaker 1: what they are. When liberals arrogantly raise those costs arbitrarily, 22 00:01:13,959 --> 00:01:17,559 Speaker 1: it always hurts the employees. They're the ones that suffer. 23 00:01:17,880 --> 00:01:20,680 Speaker 1: But even with this fresh evidence, liberals will never admit 24 00:01:20,720 --> 00:01:23,600 Speaker 1: that they were wrong. They'll find ways to inflict even 25 00:01:23,600 --> 00:01:27,160 Speaker 1: more pain on the economy and kill more jobs. That's 26 00:01:27,280 --> 00:01:30,279 Speaker 1: just what they do when they're trying to help people. 27 00:01:34,640 --> 00:01:34,680 Speaker 1: M