Friday on Levin TV, nationally syndicated radio show host Mark Levin roundly condemned the left’s attempts at raising the minimum wage asserting that raising the minimum wage is "a job killer, an opportunity killer for young people.”
Reading from his book, “Plunder and Deceit: Big Government's Exploitation of Young People and the Future,” Levin cited statistics to counter Stanford University political science professor and former Labor Department Secretary Robert Reich’s argument for raising the minimum wage to $15.
“But isn’t it amazing,” said Mark Levin. “I knew this issue of the minimum wage would come up, and this issue of the minimum wage is a killer, a job killer, an opportunity killer for young people.”
Below is a transcript of Levin’s comments:
“‘Plunder and Deceit’ — I’m amazed at this book. I know I said it the other day. I wrote this book particularly for younger people. And yes, their parents and grandparents, too.
“But isn’t it amazing. I knew this issue of the minimum wage would come up, and this issue of the minimum wage is a killer, a job killer, an opportunity killer for young people.
"Now, I’m not going to read my whole book here, but I want you to listen to some of this information. Excuse me.
“‘The federal government has raised the federal minimum wage 22 times since its inception in the 1930s. The minimum wage is currently $7.25 an hour. There are widespread efforts -- you just saw -- to increase it to $10.10 an hour, and in fact, they want to drive it to $15 an hour.’
“‘In 2013, the Bureau of Labor Statistics, the government, reports there were 79.5 million workers aged 16 and older who were paid by the hour. That accounts for 58.8 percent of all workers. Some 1.5 million, a very small number, of the almost 60 million earn the federal minimum wage.’
“‘Although those earning the federal minimum wage represent the small percentage of the total workforce, the younger the worker, the more likely his employment status is to be harmed by the minimum wage. It’s important to emphasize that most workers who are paid the minimum wage -- unlike what [Robert Reich] said -- are young. Workers under age 25 compose 20 percent of the total workforce, but they make up about half of those who earn the federal minimum wage. About 20 percent of employed teenagers earn the minimum wage compared with 3 percent of workers over the age of 25.’
“So clearly the people most affected by this are younger people 25 and under, and especially teenagers, which is something different than he [Robert Reich] said because he wants you to think that a family of eight can’t live on the minimum wage, but most people on the minimum wage are not household heads with all these children. Some are. Most aren’t.
“‘So that’s why even Obama created the impression that those who earn the minimum wage are largely heads of households and sole providers for their families.’