Radio: Raising the Minimum Wages Hurts the Already Disadvantaged

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On Tuesday, March 9, 2021, David John Marotta appeared on Radio 1070 WINA’s Schilling Show with Rob Schilling to talk about raising the minimum wage. This was largely a discussion of our article from the same week entitled “Raising the Minimum Wages Hurts The Most Disadvantaged.”

Here is an outline of the discussion:

[0:00] Introduction to the topic of minimum wage and how raising the minimum wage makes some people permanently unemployed.

[4:15] A $15 minimum wage raises the minimum wage over twice its current value and higher than it has ever been.

[5:25] The unintended consequences of minimum wage are plentiful.

[8:23] Minimum wage mostly helps trade unions.

[9:51] We do not realize how wealthy we are.

[10:54] There is a better way to help the poor.

You can listen to the audio here:

Photo by Jason Wong on Unsplash


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President, CFP®, AIF®, AAMS®

David John Marotta is the Founder and President of Marotta Wealth Management. He played for the State Department chess team at age 11, graduated from Stanford, taught Computer and Information Science, and still loves math and strategy games. In addition to his financial writing, David is a co-author of The Haunting of Bob Cratchit.