During the after show portion of his daily podcast “The Ben Shapiro Show” on Tuesday, host and Editor-in-Chief of The Daily Wire Ben Shapiro sarcastically mocked a recent Wall Street Journal piece that noted New York City is struggling to keep up after its recent minimum wage increase, Shapiro saying, “shocker” that New York City raising its minimum wage led to businesses cutting hours, jobs.
“As it turns out, raising the minimum wage in New York City leads people to cut hours and jobs – shocker,” said Ben Shapiro during his after show on Tuesday.
“Shocker – it turns out that when you make policy with your gut instead of your brain, it has unintended consequences,” Shapiro said sarcastically later in his show. “I can’t believe it.”
Ben Shapiro’s comments came in response to a piece in The Wall Street Journal titled “New York City Businesses Struggle to Keep Up After Minimum Wage Increase.” According to The Wall Street Journal, “New York City’s minimum wage has increased three times for employers with at least 11 employees in the past three years[, and t]he rate will increase to $15 an hour for employers with 10 or fewer workers at the end of 2019.”
Below is a transcript, in pertinent part, of Ben Shapiro’s remarks from his show on Tuesday:
“Okay, other things that I hate today. It’s actually a thing that I like because I like reality.
“But, as it turns out, raising the minimum wage in New York City leads people to cut hours and jobs – shocker.
“According to The Wall Street Journal, ‘More than six months after the $15 minimum wage went into effect in New York City, business leaders and owners say the increased labor costs have forced them to cut staff, eliminate work shifts and raise prices.
“‘Many business owners [say] these changes were unintended consequences of the new minimum wage, which took effect at the beginning of the year.’
“Yeah, you think? Shocker – it turns out when you make policy with your gut instead of your brain, it has unintended consequences. I can’t believe it. Not that every single study that has ever examined minimum wage has effectively found that there is not some giant bank full of Scrooge McDuck money that employers are swimming around in and holding back from their employees and that increasing minimum wage inevitably means cutting hours and cutting jobs. Not that that is the most common finding in economics, but it’s pretty common. It’s a pretty common finding in economics.
“You mean that if you force me to pay my employees more, I’ll force them to work less or fire them? I can’t believe it! Shocker. I guess we’re all supposed to be surprised by all of this.
“So, well done once again, City of New York [for] driving business out [of] there as fast as humanly possible. Just very solid stuff.”