Does the minimum wage help Americans who are in financial straits? No. In fact, it makes their lives worse. Learn why in this short video.Donate today to PragerU: http://l.prageru.com/2eB2p0hThis video is part of a collaborative business and economics project with Job Creators Network. To learn more about JCN, visit https://www.jobcreatorsnetwork.com.Join PragerU's text list to have these videos, merchandise coupons and breaking announcements sent directly to your phone! https://optin.mobiniti.com/prageruYou can support PragerU by clicking here: https://www.classy.org/checkout/donat.... Free videos are great, but to continue producing high-quality content, contributions--even small ones--are a must!Do you shop on Amazon? Click https://smile.amazon.com and a percentage of every Amazon purchase will be donated to PragerU. Same great products. Same low price. Shopping made meaningful.VISIT PragerU! https://www.prageru.comFOLLOW us!Facebook: https://www.facebook.com/prageruTwitter: https://twitter.com/prageruInstagram: https://instagram.com/prageru/JOIN PragerFORCE!For Students: https://www.prageru.com/student-ambas...For Educators: https://www.prageru.com/educatorsScript:We don’t like to see anyone living in poverty, but making employers pay their employees a higher minimum wage of more than $10 an hour really won’t solve the poverty problem.That’s because most people who earn minimum wage don’t live in poverty in the first place. They actually live in homes where at least one or two other people work… like a teenager whose parents have jobs.Or they are retirees who have savings accounts and Social Security as their main income. In fact, only about 1 in 10 minimum wage workers lives in a household that the government would consider poor.Does it make sense to try to solve the right problem the wrong way?A well informed public is the best defense against bad public policy.
TagsDennis Prager PragerU Prager University Government Economy Economics Minimum Wage Poverty Social Security