Ep. 91 – The major problems with the minimum wage
from Sharpening Arrows Hosted by Victor Joecks
Sometimes the obvious solution doesn’t work. Just look at the minimum wage. Parental pause point questions: 1. What is useful about competition? (1:16) 2. What is the minimum wage? (5:05) 3. What's appealing about this argument? (7:27) 4. Which of The Great 8 Questions would you use to respond to this argument? (8:39) 5. How would a business react to a minimum wage hike? (10:41) 6. What percentage of minimum wage workers receive a raise within their first year? (14:35) 7. Are most minimum wage workers full-time or part-time employees? (16:31) 8. Why would a business pay an employee more than the minimum wage? (22:47) The Great 8 Questions: 1. What happens next? 2. Has this been tried before? 3. Is there a principle involved? 4. What are the trade-offs? 5. What do you mean by that? 6. Is this an appeal to emotion or logic? 7. Am I focused on the speaker or the argument? 8. What does the Bible say?
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