1 00:00:01,94 --> 00:00:05,90 Modest can be measured in the amount of income subject received that the effort to 2 00:00:05,91 --> 00:00:10,60 increase the minimum wage in Maryland is gathering support every politician running 3 00:00:10,61 --> 00:00:15,83 for office is advocating an increase in the minimum wage no more the vast majority 4 00:00:15,84 --> 00:00:20,84 of economists believe the minimum wage laws cost the economy thousands of jobs so 5 00:00:20,85 --> 00:00:25,13 why are we going to raise the minimum wage or Marilyn Well because it's 6 00:00:25,14 --> 00:00:30,82 a feel good exercise it really as you said is bad economics under Martin O'Malley 7 00:00:30,83 --> 00:00:35,52 the unemployment rate has doubled and the number of unemployed has doubled we 8 00:00:35,56 --> 00:00:40,94 haven't created private sector jobs and no one so why would we expect to continue 9 00:00:40,95 --> 00:00:44,37 to create new private sector jobs this is going to be 10 00:00:44,38 --> 00:00:50,14 a devastating impact on frankly not poor people as much as people who are starting 11 00:00:50,15 --> 00:00:54,18 out in their careers who haven't been trained who haven't been in the workforce who 12 00:00:54,19 --> 00:00:54,58 need 13 00:00:54,59 --> 00:00:59,66 a job that's at the bottom along and then they could move up from there OK so than 14 00:01:00,14 --> 00:01:02,16 some argue that the minimum wage shouldn't be 15 00:01:02,17 --> 00:01:07,40 a priest that it should be abolished what do you think. Will be asked me if the 16 00:01:07,41 --> 00:01:09,47 minimum wage should be policy it's just 17 00:01:09,51 --> 00:01:15,69 a stupid question to ask Casey but let's go back to nine hundred sixty three at the 18 00:01:15,70 --> 00:01:20,43 Martin Luther King March the minimum wage was then two dollars if it were in 19 00:01:20,44 --> 00:01:25,48 today's dollars First same buying power fifteen dollars the federal minimum wage is 20 00:01:25,49 --> 00:01:30,27 less than half of this let's fast forward to Ronald Reagan's time in the office if 21 00:01:30,28 --> 00:01:34,24 we were to have the same buying power with minimum wage under Ronald Reagan you 22 00:01:34,25 --> 00:01:35,94 would be in nine dollars hands what is 23 00:01:35,95 --> 00:01:40,37 a short but you're not much you are not you have not survive on seven dollars and 24 00:01:40,38 --> 00:01:45,91 twenty five cents an hour they cannot how can there is no way unless you have four 25 00:01:45,92 --> 00:01:50,40 or five jobs and you ignore everything else can you survive on seven hundred twenty 26 00:01:50,41 --> 00:01:50,74 but.