WARNING: Clip takes a L-O-N-G time to load...but it's worth it. Sirota doesn't back down. Also make sure to click the Working For Change link below and read Sirota's own comments regarding the exchange.:patriot:
http://www.crooksandliars.com/2006/06/18.html#a8763http://www.workingforchange.com/blog/index.cfm?mode=entry&entry=E7C217D6-FED2-3972-0D151CE43A760919KUDLOW: All right. John Stossel, author of "Myths, Lies and Downright Stupidity" and Dave Sirota, author of "Hostile Takeover." We're going to look at the minimum wage. According to Mr. Stossel, the myth is: A higher minimum wage helps workers. The truth is: A higher minimum wage helps some workers but hurts others. John, your thought.
Mr. STOSSEL: We all want to raise people's wages, but assuming the government can just set the wage is--better than supply and demand--is such nonsense. It assumes every employer has a fixed number of workers. But we don't have people washing windshields in gas station anymore because the minimum wage makes it foolish to hire a kid, to give an entry level worker a shot.
KUDLOW: This thing's back in Congress. A lot of states are either passing it or discussing it. How many people get the minimum wage across the country? This is a data from your own book.
Mr. STOSSEL: Three percent.
KUDLOW: Bingo. Dave Sirota, 3 percent, and it hurts some people. What's your take?
Mr. SIROTA: Well, listen, John, I would encourage you stop reciting these dishonest talking points and the chatter you're hearing on the cocktail party circuit because the stats don't bear that out in any way at all. And here are the stats that you cannot dispute. In states that have raised the minimum wage, above the federal level, those states have created jobs at a far faster rate than the states that have not. That is because, when you raise the minimum wage, you put money into the pockets of people who will spend it and it spurs the economy. Now, that might not be heard in your book which purports to debunk lies, but those are the facts.
Mr. STOSSEL: Well, if those are the facts, why stop at $7. We should pay everybody 20 bucks, 40 bucks an hour. Then we'll really have buying power. It's just...
Mr. SIROTA: You're changing the subject. You're changing the subject because you know you're wrong.
Mr. STOSSEL: Well, the study side, and I now realize who you are because you, on my Amazon page, he came on and said, `I'm a smarmy-looking liar.'
Mr. SIROTA: You are.http://blip.tv/file/42657