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Feb. 10, 2006 - Rush Limbaugh Program
36:28
February 10, 2006, Friday, Hour #3
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Yes, I'm uh I'm back.
One more hour of uh broadcast excellence uh to go uh today.
Rush will be back on Monday, tanned, rested, and ready.
And he's at the ATT Pebble Beach Tournament in Monterey and uh beautiful weather here on the West Coast for uh that we're basking in uh 70s and 80 degree temperatures.
As uh New York, Philadelphia, Washington, Boston being uh targeted with uh 12 inches of snow this weekend.
Wow, what a difference.
What a different so anyway, Rush is out on the uh the left coast, and uh you can see on the Rushlinbaugh.com all the uh round one activity, and they have the TV schedule uh on there for uh when uh what uh what cable channel, what network and so forth is uh showing the ATT Pebble Beach Tournament, and also the interview with Neil Cavuto from Fox is also on the Rushlinbaugh.com, so you can check that out.
Phone number to uh reach this program today and every day, 800-28282.
And I was just um I uh my real life is I'm a financial guy, and uh and so I I take a lot of time to study the the world of finance and money.
And ladies and gentlemen, uh boys and girls, uh this this uh minimum wage thing, I just want to arm you.
I want I mean that's what Rush does so well is this program gives you uh armament, it gives you ammunition, gives you information, gives you the truth instead of the emotional hysteria that we uh we deal with so much in this country.
And when it comes to financial matters, there's an awful lot of this, and I I really stop and wonder sometimes whether or not our elected representatives are uh financial neanderthals or whether they know what they're doing and are just doing it for their political gain.
Because they act in ways that are absolutely adverse to uh any well-known economic uh uh fact.
And and we've got that when it comes to taxes, we've got it when it comes to minimum wage.
Let me start this hour by giving you some um some minimum wage stuff.
And I've got I've got quite a bit, so let me just charge into it here.
Everybody knows that the minimum wage is something that is used uh as a wedge item during election years.
It comes up every time there's an election, no matter where you are.
And it sounds so compassionate, it sounds so wonderful.
And I think all of us are willing to help those who are less fortunate uh be because of uh not through any uh fault of their own.
I'm willing to reach out, you are, you write checks to charity, whatever it might be, but at the same time, when it comes to minimum wage, everybody just nods their head and goes, well, that's that's nice.
They they need to have an increase because these are people that are truly not keeping up.
They are in the lowest bracket of of income and they are truly not keeping up.
Everybody else in every bracket of income is seeing their income go up dramatically.
Last time I was on the program, I went through this whole bit about how we have seen every level of income dramatically increase over the last five years, ten years, twenty years, thirty years, you name it when go back, it's constant, with one exception, and that is the lowest bracket, and that is the 5,000 and below annual income.
Those people are not keeping up.
Those people are not getting uh a boost.
So they they are financially upside down.
Why they're there, there's well, that's another whole show.
But but minimum wage hikes actually hurt them more than help them.
And this was brought to my attention by uh a guy who writes for uh the major Sacramento newspaper, Dan Weintraub, does a great job.
He's got something called the California Insider.
And and he uh stumbled across this this uh this study published in 2000 by the Public Policy Institute.
I have done my duties as a talk show host to dig in to the background of the public policy institute and find out what their agenda might be, where they get their money, are they a leftist group?
Are they a right group?
Where are they?
Where where what's their where do they fit on that spectrum?
And I'm telling you, I can't find it.
This group is about the most uh down the middle when it comes to doing just analytical work.
Almost as uh as uh as pure as the Sullivan group, just about when it comes to doing analytical work.
But um they found the minimum wage.
Well, first of all, there there is there is solid evidence in their report.
And you can pull this up, I think at the website, public policy institute.
There is solid evidence that the minimum wage is at the very best a terribly inefficient tool to fight poverty.
The higher wages clearly help out some of these low-income people.
But the net effect is it hurts poor families more than it helps, and it actually benefits some of the wealthiest families in society.
And the reason for this is that uh the minimum wage, which usually is associated with politics and public uh with poor people, is not exactly who's getting the benefit from the minimum wage.
This study, this public policy institute, found that only 11% of the additional money from a minimum wage increase went to families with children in poverty.
What they also found is that the higher the minimum wage along with that increase was almost the increase was as likely to go to families in the upper income brackets as as much as it was in the lower income brackets.
The numbers are this.
When you go to the uh to the uh low income brackets, 40% of the families with the lowest income in this nation receive 43% of the benefit.
While 40% of the families with the highest incomes, not just upper income, I'm talking about the highest incomes, they receive 34% of the benefit, not quite as much, but almost.
So it's about a split between the wealthy and the poor when you go through this whole uh number.
And 21% of the wage increase never reached the recipients, but is paid in higher taxes to the government.
I mean, you can go through this, they've they've done a fabulous job of going back, and they're not the only ones.
Public Policy Institute is just one that talks about how it helps the poor as much as it helps rich.
And I'm not talking where's the middle class in here?
They're left out of the whole game, other than the fact that it costs you more money.
The amount that the amount that it costs our society, uh federal increase in minimum wage costs uh 133 dollars per year for goods for stuff that you and I buy.
And see, 133 dollars more per year on the last minimum wage increase was uh was maybe not a big deal for somebody that makes uh $50 million, but it's a big deal for somebody that makes $5,000.
So the Detroit News had this um had this editorial the other day about the fact that state Democrats in Michigan, along with the backing of the governor, Jennifer Granholm, and with the backing of organized labor, that they are going for a big petition drive to get a higher minimum wage on the ballot for you folks in Michigan to vote on this fall.
And in fact, she even uh mentioned this governor mentioned this in her state of the state address.
Well, Nobel Prize winning economist Gary Becker, so we've got the public policy institute, we've got a Nobel Prize winning economist.
He put it this way.
Hike the minimum wage and you put people out of work.
Tom Sewell, who uh you know, well-known economist in his book, Basic Economics, cites a survey on the proposition that higher minimum wages increase unemployment among low skilled workers.
And he also points out that 90% of U.S. economists participating in the survey agreed with that view.
So why is it if it's such an economic uh, And by the way, economists are as political as politicians, if not more so.
To try to get 90% of economists agree on anything is phenomenal.
Another one, Cornell economist, Richard Burkhauser and Joseph Sabia, 2004 study, estimated that a 10% hike in the minimum wage would cost an 8.5% disc decrease in the um in the employment of young African Americans.
A 6% decrease in the employment of teenagers, a 9% drop in the employment of workers without high school diplomas.
So what is the attraction for a higher minimum wage?
So the Detroit News went out and they talked to some people around the Detroit area.
Mark Mitra owns several Arby restaurants.
And he told the newspaper that the higher minimum wage would uh have a ratchet effect.
He said it would be unaffordable proposition for me.
And he said if if a new small, well, the Detroit News said if a new uh small business isn't open because of higher labor costs, it's an example of what a nineteenth century economist called the seen and unseen effects of economic policy.
A higher minimum, the uh the seen or unseen is this a higher minimum wage for one worker would be seen.
The failure of a business owner to open a new firm or hire a new person that he never hires, causing a loss of several jobs, would be unseen.
So where's this?
See, this is where we get into this name calling where we get the we get the people on the left that say, you, you people on the right are uh you you're just a bunch of meanies.
Don't you have any compassion for the poor?
We want economic justice.
Well, if you want economic justice, why don't you learn about what the 90% of economists say, which is when you raise the minimum wage, you hurt poor people more than anybody else.
You help some, but you hurt more than you're helping, and you also, which I don't have any problem with, you're helping the rich kids too.
It doesn't do what you think it's going to do.
So, I'm not finished.
I need to take a break.
When we come back, I'm also going to talk about this business about Congress, and they're going to be a there's going to be a lot of stink about that this year, as we get closer to an election, uh, the mid-year election, midterm election, I should say, is this business about the fact that we have these tax laws that were put into effect on a temporary basis in 01, 02, and 03, and they're going to expire.
And I'll tell you what happens when we've done this in the past.
What's the definition of insanity?
To try and do uh the same thing you did before and have a different outcome.
So history, folks, is important, especially when it comes to money.
The phone number to join the program 800-282-2882.
My name is Tom Sullivan.
This is the Rush Limbaugh Radio Program.
Welcome back.
It's uh Tom Sullivan sent in for Rush.
Rush will be back on Monday.
You can uh check out his uh when he's going to be on TV and also some photos from yesterday's ATT on the Rush Limbaugh.com website and also the interview with Neil Cavuto from Fox that he did a great interview.
So taxes, uh so they passed these uh these tax laws.
And as been has been said by many people in this country, uh it's not a revenue problem, it's a spending problem.
And I am the first to stand up and yell at the Republicans about their uh spending.
And I've heard all the excuses, and I've heard Katrina and I've heard uh Iraq and I've heard all these other things.
But I mean, that's you know, we all have to make contingency arrangements, keep some money for emergencies and so forth.
We just have to.
They've been doing a lousy job of fiscal management in Congress.
And and as we get closer to November, you will hear more and more of the chorus from the left talking about how all of a sudden they're gonna become uh born-again uh balanced budget people.
Now they never were when they were in Charge and the people in charge now are not either.
So but uh but just be careful when you hear them talking about balanced budget people because what they're talking about the balancing the budget.
And I don't have a problem with uh with that argument.
The problem is their argument never addresses, they never say, they never mention, they never speak the word spending reductions.
They never say that.
They don't ever approach it.
They say we need to have a balanced budget, and what they're not saying because they know that they can't say this, is they want to why you either have to cut spending or raise taxes.
One of the two.
So the Congress did a la go along with the president's uh tax cuts to get our economy, which went into a recession the first quarter after Bush walked into the White House, it was handed to him when he walked in.
It kept it short and it kept it shallow by the fact that they did do tax cuts.
And what it did was it gave the Treasury a lot more money.
And then they went through and did some other targeted tax cuts.
And those tax cuts, ladies and gentlemen, boys and girls, were all passed only because of the fact the Democrats said, Well, we wouldn't we don't want to make this permanent.
We want to have this uh expire.
There's a lot of problems with this.
When you're trying to do some planning, some financial planning, whether you're trying you've got kids that are going to be going to college in a few years, or whether you've got a retirement coming up in a few years, you try to think in terms of your money and financial planning as further out than next six months.
You think of the next uh five to ten, twenty years, maybe.
So what you need to make sure of is that you want to have some planning on uh on taxes and what the tax rate, how much they're gonna be dipping into your pocket for their money.
Well, the Wall Street Journal had a great piece on this from uh February third.
And uh their point is it says uh the latest statistics on capital gains tax collections recently released by the Congressional Budget Office, and receipts are not down, they are up, and they are way up by forty-five percent to be exact.
And it was all because of the 2003 investment tax cut package that the president put to Congress and they passed.
And that's where the capital gains tax was reduced from 20% down to 15%.
Stick with me on this for a minute.
Now, the people that were opposed to this says, oh man, you cut you you're you're cutting the taxes for the rich.
That's what you're doing.
You're cutting the taxes for the rich, and what that's going to mean is less money.
Oh man, you're gonna make the deficit even worse.
Well, the deficit would have been worse if they had not passed this, because here's what happened.
This forty-five percent increase in court in uh capital gains taxes that came into the Treasury.
The um there was a there was a reduction in the penalty that you have to pay when you sell an asset uh by that that has a capital gains tax attached to it.
So during this period of time, in 2002, uh our government brought in 269 billion dollars worth of money from capital gains transactions, 269 billion in 02.
This past year, 539 billion in 05.
And this, by the way, is not only just the Federal Treasury, this is also something that you'll see in many, many of your state treasuries as well.
But it also unlocked a lot of uh investors who have been waiting, waiting, waiting, saying, I'd like to sell this, I'd like to sell that, but I don't want to do so if I'm gonna get taxed.
The Congressional Budget Office also found the total tax collections from all non-withheld taxes, namely this is dividends clear, clear, clear.
That money was up 32% into the Treasury because Congress cut the tax rate on dividends paid out to shareholders from a high of 39.6 down to 15%, and everybody screamed about that, saying, Oh man, this is gonna kill us.
American companies have tripled the amount of dividend payouts to shareholders, and the government gets 15% of those larger payouts, which sure beats 35.9 per or 39.6% of nothing.
So it's an economic model, and I can go through it in detail.
That has worked over and over and over and over.
It's not the taxes.
We don't need to raise taxes.
We can let the uh these laws become permanent.
We need to cut spending.
It it's it's just that simple.
There's nothing that hard about this.
It it uh and it shows up in your state as well.
The the states are are going through the same example.
Senate Republicans would be wise for their uh Wall Street Journal says for their own revenue sake to vote quickly to extend permanently the the capital gains and dividend tax cuts and make them permanent while you're at it.
Instead, they just extended them out a few years over on the House side and the Senate's still talking about it.
That's where I think we need leadership in the Senate and the House to make these permanent You're in charge.
What are you waiting for?
The evidence is clear.
Welcome back, Tom Sullivan Sitting for Rush.
Russia'll be back on Monday and uh again at the ATT Pebble Beach tournament uh today, tomorrow, and uh maybe Sunday, depending upon how he and his team do.
Uh talking of minimum wage and also taxation and uh just some just some some data that is you you can't refute.
Amy in uh Toledo, Ohio.
Hello, Amy, you're on the Rush Limbaugh program.
Hi, thanks so much for taking my call.
You have a very nice voice.
I've never heard it before, but if you believe Marshall McLuhan and the medium is the message, the medium of your voice is a very nice uh attractive voice that could make anything sound reasonable.
However, I am a oh here comes the big butt though.
That's right.
I am a liberal from Toledo, Ohio.
Which is an urban working class place.
And uh the minimum wage would definitely help help uh increase would definitely help the people of Toledo.
Uh I believe that inflation has risen by so many percents every year, and they they could benefit from having an increase to it.
Uh they might their attitude might be different also.
And also uh I don't think too many people on minimum wage are uh doing financial planning.
However, I do want to say something else, and that is about the levies that you were talking about earlier, and that is you you said you didn't understand the fuss about the story today.
Well, I'm gonna tell you what the fuss is about, and then I'll probably never be on a radio show again.
But the fuss is that the Bush administration knew on Monday night that the levies had broken, yet they did nothing until Thursday to help people, and that 1,300 lives were lost.
And that's the message that was there today.
Not that they knew that the levies were going to break, but they had broken and they didn't do anything.
Yeah, how many people d um I well listen, I'm not going to get into the debate about about uh all of that.
There's uh my my point about all of that, Amy, was that um the gu the government is not the first responder, the federal government.
Uh I just don't believe that.
And and I don't want to go down that path, but you and I can agree or disagree on that.
But let me bring you back to this minimum wage here.
Why uh it it it's it's um it seems logical for you to say what you said that if somebody is in the lowest income bracket, gosh, just an extra fifty cents an hour would seem to be seemed to be helpful, wouldn't it?
And it makes all the emotional logical sense that you can possibly muster.
My only point in bringing this information to you is I'm I'm not trying to be political.
I'm trying to depoliticize this.
I'm trying to say, look it.
We have had we have had economist after economist after economist point to what really happens when you change something economically.
And economics is is uh is actually it is fairly emotional.
What happens is is uh you and I are wired to seek pleasure and avoid pain.
It's just the way we're made.
Economics is the same thing.
It's there's economic pain and economic pleasure.
If you do something that makes you a big pile of money, you're going to do more of it if that makes you happy.
If you keep losing money doing something, you're going to not do it anymore.
Economic pain.
And so as we go through this, there are anecdotal stories where you can find somebody who was uh now able to uh uh put food on the table that uh for their family that otherwise they were uh not able to make ends meet by the end of the month,
and I know there's a lot of people in that situation that are poor, but my point to you is you've got to cut through all the emotional stuff about it and get to the facts of what happens because we have plenty of history of what happens when you raise the minimum wage.
And these economists, when you get ninety percent of them to agree that it hurts the poor more than it helps them, it's gotta make you stop and think I better check this out some more.
Well, thank you so much for your gracious reply and for letting me speak on your show.
I appreciate it.
I know, but I'm I I do want uh I do want your your response.
I mean I've uh Well, uh I'd have to do the studies myself.
I I mean I I don't trust everything I hear on the radio.
I'd have to check in to it myself to find out if that's so.
If it's court that it looks as though um that that it wouldn't be a benefit, um but I I can't answer that specifically now without doing that.
You just you just made me the happiest little talk show host in the world.
You know why it's that because you're willing to go find out the details and find out the facts.
Yes, I am that's that's that's all I that's all I try to do, and if you're going to do that um I suspect because of the fact that the evidence is overwhelming, I think you're gonna find a little surprise.
And uh and uh and Amy, I don't know, you s uh you sound like you're uh a young woman but but but been around enough to know that sometimes you go through life thinking something is A when all of a sudden you find out it's B. And that's what this is.
That's what this is.
And maybe I'll I'll talk to you again someday.
Great.
You bet.
Of course I uh yeah, of course.
I mean she was so sweet to me.
How could I possibly not?
Art in uh Shepard, Montana, are you gonna be sweet to me, Art?
Hi, Tom.
One thing you've forgotten is that every labor union contract in the country is tied to the minimum wage.
So if the minimum wage goes up seventy-five cents, every labor union contract in the country goes up seventy-five cents.
Yeah, and that's the health benefits are tied to it.
Yep.
And the other thing is is that places like McDonald's, which might let you work thirty hours a week, uh and instead require you to work fifty hours a week, they'll pay you the time and a half to avoid paying benefits.
You know, people that do pay benefits will make you work fifty hours instead of thirty-five.
So and and and you're describing what is called the ratchet effect.
And there's uh that's uh the no question there is a ratchet effect, especially for the person, and here's the other poor person that is getting hammered by this deal is if you're making fifty cents more, you you you got a job, you don't have any skills, and so you or you're low skilled worker, so you get a job, and uh you know what, you're pretty good and uh you seem like you've got the ability to be trained and work your way up into the company, maybe become a supervisor or something along those lines.
So they give you a a fifty cent or a dollar or a dollar fifty an hour wage hike and they raise the rate right below you now what happens.
Now you're not gonna you you want you want to stay that dollar fifty ahead of the person that just came in the door because now you've got some experience and you've got some talents.
It's it's a ratchet effect.
It goes all the way up.
So even though that person maybe isn't minimum wage, they're not that far above it to where they're they're in any shape of uh financial strength.
So they're getting hurt too.
And one thing you mentioned your brother was Rut Rush's uh data tabulator.
Yeah, yeah.
Well, Rush always says that only forty-two other men uh occupy the office with George W. Bush.
Well, actually only forty-one men occupied it because Cleveland was both the twenty-second and the twenty-fourth president.
Oh, I'm glad you talked I'll call Floyd and tell him.
Take care, Tom.
Thanks for the help.
I need all the help we can get on making sure that we keep fresh accurate.
I'll tell you it.
He's gonna hear about this and he's gonna go.
What did Sullivan do?
Jack and Lewis Jack in Louisville.
Hi, Jack, you're on the Rush Limbaugh program.
Tom, it's good to be on.
Um let me say up front.
I'm not uh anti police and I'm not anti-government, although I am a truck driver, so you make up what you will.
Strongly strongly disagree with your assessment and we don't have enough cops.
Uh believe me when I tell you, we have an army of law enforcement out here.
The question is, what are they doing?
What are we getting for our money?
Let me let me ask you though.
I mean, when when the when the California Highway Patrol says they have just under 7,000 CHP officers, and they had just under 7,000 CHP officers in 1970, and the population of the state's almost doubled.
You know what the math tells me?
They had twice as many as they needed 30 years ago.
I knew you'd say that.
No, I'm serious.
Uh you would only have to spend a few days out of here until you're you know what I'm talking about.
Hey, listen, two things.
I've got a bias.
First of all, I I don't know if you've heard me before on this program, but I I uh usually do the uh I've done a number of the year-in shows.
I was a highway patrolman.
I worked through graduate school chasing speeders and drunks at night and uh and uh and went to school during the day.
So I I was a highway patrolman for four years, and I know what the job involves and I know what it entails, and I also know that nobody likes to see a lot of police cars out there when you're driving along and you're trying to do 75 and a 65 because you don't want to get a ticket.
But when your wife or daughter or son or brother or mother or somebody is getting attacked out there on the road, and you go, Where are they?
and you find out that they haven't added a single solitary police officer in thirty years, you go, come on, government, would you pay attention to the basics?
That's my point.
Fundamental structure of the government.
I the the whole debate about talk radio is what do you want your government to do?
What do you want your government to do?
And so you and I we get in here and we debate it and we argue it, we disagree with each other, we agree with each other, but when it comes down to the bottom line, there are some fundamental things that I think ninety-nine point nine percent of citizens in this country want.
One of them is uh a national defense.
Have a military to defend us from people who want to do us harm.
And that defense is not only federal, but it's also state and local, and that means state and local police and fire.
Public safety should be job one.
But I'll bet you if you look through the line items of most cities and counties and townships and states' budgets, you will find that those numbers are always put last.
Public safety is always last when it comes to politicians because they've got all these special interest groups that are coming around.
And see, nobody goes in.
I'm the I'm I'm one of these fools that says it out loud.
Nobody goes in and says, I want to spend more on police.
I want to spend more on fire.
But isn't that what makes a community great is when you have lots of police and fire protection?
I think so.
Short break.
Welcome back.
Phone number 800-282-2882.
My name is Tom Sullivan.
This is the Rush Limbaugh Radio Program.
Tom Sullivan in for uh Rush, and uh, you know, I I know that a lot of people are going, what?
How can this possibly be?
And and and so it is so so it is normal to scratch your head and uh like Amy and Toledo said, are you sure?
Are you sure that minimum wage hurts poor people more than it helps them?
Yeah, I am.
I am so positive.
And I'm not it's not just it's not just me.
They're uh economists from the left from the right, any economist worth his or her salt, studies over and over.
It's not like we haven't seen it the uh minimum wage hikes before.
Uh so we have plenty of studies to say, all right, what happened after they changed the minimum wage?
And the answer is it helps uh a little bit to some poor people, and it helps a little bit to some rich people, and a whole bunch gets left on the table.
And uh but the poor actually wind up because of the increase in cost.
Uh costing them more than the increase in what they're getting.
It hurts them more than it helps them.
Tom in uh Savannah, Georgia.
Hello, Tom, you're on the Rush Limbaugh program.
Yeah, thanks for putting me on.
Uh I operate a small business.
We have like ten employees, and for every 50 cent raise, that cuts one person's job.
And I know a lot of businesses in the area that depend on the minimum wage, especially in the hospitality industry, the industry.
Yeah.
Where every 50 cent raise, you gotta cut a person because you only got X amount of dollars to work with.
You can't go out and make that extra sale.
Yeah.
You know, your your fixed income or whatever.
Whatever.
I'm just looking through my um my stack of stuff here because there was uh you know what you're talking about, and I think this is the key point you have to drive home.
Is that what you're talking about is you're hiring people that are low or no skilled employees.
Correct.
And and so uh, you know, when I was a kid, I don't know what you did, but uh but I I got a minimum wage job because I was a kid and had no experience and no skills uh to go do something.
I was still in a kid in school.
And so uh Yeah, and so and and so then you know, you work your way up and you learn and you get some experience and you learn how to do a job and you learn to have a little bit of a skill.
It's it's it's not designed for I mean, and for the people that the few people they get stuck at minimum wage are people that need to go get a skill.
I mean what more can you get out of this message then?
Gee, if I you mean if I if I got more experience or got some more education, I would actually make more money?
Yes.
Well, I don't know why they don't have an economist.
I can remember the last time the minimum wage was raised.
They said that one out of every eight jobs was lost.
Yes.
It is uh it is a negative, and the jobs that are lost are not the jobs that people in the middle class or upper upper income class lose.
It's the it's the minimum, it's the low skilled low-wage jobs, and so here are people that don't have any money, and now they don't have a chance of getting a job.
And like the and like the one uh I think the gentleman said before, the lady from Toledo.
Instead of working for thirty hours, now you gotta work forty or fifty fifty in order to compensate for the same thing.
Yep.
It's uh I was just I was just looking in.
I'm looking at my stack of stuff.
I saw this of uh I had a list, I can't put my fingers on it right now.
I had a list of the top jobs in demand right now, and they are tech jobs, but they're not they're not jobs that require a PhD.
They don't even need a college education.
There's this jobs working in various places in the tech sector.
And these pla and these jobs, the the top ten job demands pay anywhere from eighty grand to a hundred and sixty grand a year.
And and that's and those are the the the top ten in demand.
I can't put my fingers on it right now to give you the names of these things, but it ranges from people that have some some high skills to some middle to high skills.
But the the point is so if you can make some really good money by getting some skills, why don't you go get some skills?
In the meantime, at least you can help a little bit by getting uh a job that pays something to put something on the table until you can get out of school and get more education or get more experience on the job.
It's that simple.
It's not that hard.
This is this is basic.
Hey, Tom, I think thanks so much for the call.
I appreciate it.
Short break um it's true, folks, minimum wage hurts poor people.
Don't let anybody tell you different.
We'll be back.
Tom Sullivan said an in for rush.
So uh I found my uh my my list.
This is from um PC magazine.
I presume their current edition, and um the top ten jobs, the yo index of technology, yeah, yo.
It's why YOH Yo Index of Technology Wages.
Um a clinical research associate.
Doesn't say doctor, doesn't say director, it's just uh a clinical research associate.
Is uh number one on the list of jobs that they're trying to fill out there.
Thirty-eight dollars and fifty-two cents an hour.
You always take the hourly and multiply it times two thousand eighty to get to the annual, and that's uh eighty grand a year.
Here's uh a CRM project manager, 129,000 a year.
Here is a uh database administrator, fifty-five dollars eighty two cents.
What's that?
About uh 115,000 a year.
So I mean, you know, you go you go out and you get some skills, and then you get a job that has those skills, and you then get experience in that job, and then you become uh a manager or an engineer or uh uh associate or whatever it might be.
And this was uh I'm telling you, this is this is the way you solve this problem.
Anyway, we'll take it up next time.
Rush is gonna be back on Monday.
Have yourself a great weekend for those of you in the northeast.
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