Reason’s Amazing Response To Call For Disastrous Minimum Wage Increase
by Jason Pye, United Liberty: last week, Funny or Die released a video featuring actress Kristen Bell as a Mary Poppins who is struggling to work as a nanny on a $7.25 hourly wage. Basically, it’s a nearly 3-minute video making the case for President Barack Obama's $10.10 minimum wage increase.
"Just a $3 increase can make a living wage," Bell, star of Disney's hit animated flick Frozen, sings to the tune of "A Spoonful of Sugar" from the 1964 film, Mary Poppins. "It makes a living wage. It makes a living wage."
Well, Reason TV respond with its own Mary Poppins-style short. In the video, Remy, a comedian who frequently works with Reason on videos that parody current events and policy in hilarious videos and equally funny songs, plays a chimney-sweeper who explains the unintended consequences of a minimum wage increase.
"Just 3 pages of Econ. And perhaps your mind will change. When free people arrange Voluntary exchange," Remy says. "Just 3 pages of Econ. With this talk of 'living wage,' tell me, what do you folks pay?"
Watch the video below:
Yeah, it may make for a catchy, feel-good tune for a comedy outlet like Funny or Die. But jacking up the minimum wage would have real consequences for the economy.
The Congressional Budget Office released a report earlier this year finding that President Obama's proposed minimum wage hike would lead to the loss of between 500,000 and 1 million jobs. Most minimum wage earners are the second earners in their family.
What's more, an increase in the minimum wage to $10.10 per hour would mean that businesses, particularly restaurants and retailers, would invest heavily on automation, something that's already happening in Europe.
Tags: Barack Obama, Economics, Economy, jobs, Kristen Bell, Mary Poppins, minimum wage, Reason, Reason Magazine, Reason TV, Remy, unintended consequences To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. and "Like" Facebook Page - Thanks!
"Just a $3 increase can make a living wage," Bell, star of Disney's hit animated flick Frozen, sings to the tune of "A Spoonful of Sugar" from the 1964 film, Mary Poppins. "It makes a living wage. It makes a living wage."
Well, Reason TV respond with its own Mary Poppins-style short. In the video, Remy, a comedian who frequently works with Reason on videos that parody current events and policy in hilarious videos and equally funny songs, plays a chimney-sweeper who explains the unintended consequences of a minimum wage increase.
"Just 3 pages of Econ. And perhaps your mind will change. When free people arrange Voluntary exchange," Remy says. "Just 3 pages of Econ. With this talk of 'living wage,' tell me, what do you folks pay?"
Watch the video below:
Yeah, it may make for a catchy, feel-good tune for a comedy outlet like Funny or Die. But jacking up the minimum wage would have real consequences for the economy.
The Congressional Budget Office released a report earlier this year finding that President Obama's proposed minimum wage hike would lead to the loss of between 500,000 and 1 million jobs. Most minimum wage earners are the second earners in their family.
What's more, an increase in the minimum wage to $10.10 per hour would mean that businesses, particularly restaurants and retailers, would invest heavily on automation, something that's already happening in Europe.
Tags: Barack Obama, Economics, Economy, jobs, Kristen Bell, Mary Poppins, minimum wage, Reason, Reason Magazine, Reason TV, Remy, unintended consequences To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. and "Like" Facebook Page - Thanks!
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