Glenn Beck: Unemployment truths

GLENN: Are you trying to tell me that are you trying to tell me that when government does something, it doesn't work, it doesn't

STU: It does seem that we've crossed a barrier here because I think in the past you had this idea of government would try something that they thought would work and then it wouldn't work. Now we're at the point where they're doing things that they know admittedly won't work but at least it has it will start people talking about it. Or maybe some people will start thinking about these things in a different way. Why is government doing that?

GLENN: Yeah. Well, here's what happened, and gee, I think we predicted this. Remember last year we said if you increase the minimum wage, more people will lose their jobs. And if you remember right, Stu, who did I say would be the first to lose their jobs?

STU: You know, high school, college age workers.

GLENN: Okay. Why?

STU: Because they are the ones taking the minimum wage jobs.

GLENN: And?

STU: And because they are raising the minimum wage, they are going to have to cut some of those positions.

GLENN: Right. And if you are going to hire somebody and you are paying a little bit more, why not pay and get a little bit more skilled worker or a little more loyal worker. Okay. Wall Street was stunned Friday when the U.S. jobless rate jumped to 5.5 from 5% in April. How did things get so desperate so fast? How did we lose all of these jobs so fast? "Well, it's the price of oil, you know." "Oh, well, it's George Bush and his policies, you know."

Well, it turns out that the problem was hundreds of thousands of teenagers that were pouring out into the job market at the same time thanks to the end of the school year, but many, if not most, will not find jobs because they have been priced out of the market. This is from Investors Business Daily. The minimum wage was hiked 14% to $5.85 an hour last July. Next month it's going to go up an additional 12% to $6.55 an hour. In July it's slated to rise 10.7% to $7.25 an hour. Now, if that sounds like a lot, the actual cost is much higher after you fold in taxes, benefits, and Social Security that businesses pay on behalf of these teenage workers. So why is anyone in the country surprised that unemployment is rising? When you raise the cost of anything, you demand less of it. Why does everyone understand that with gasoline? For instance, we know as the price of gasoline rises this is what I just said a few minutes ago. You can't say that the price of gasoline is going to continue to head north because if it continues to head north, people are going to change their habits. Businesses are going to change their habits. Airlines won't be able to function the way they do. So the demand goes down and when the demand goes down, then the price goes down. Demand goes down the higher you raise the price. So if you raise the minimum wage, demand for minimum wage workers would go down. What a surprise. Only to those in congress. Since teenagers are the least educated, least trained, overall least productive of all workers, they are the least likely to be selected in the labor market. If you have to shell out an extra 40% over three years to employ the unproductive workers as is now happening, you are likely to find a good reason not to do so unless it's absolutely necessary.

This is from the University of California. An economist out there found the 10% minimum wage hike cuts employment of young and unskilled workers by 8.5%. He says in the last 11 months alone, the U.S. minimum wage has increased by more than twice that amount. So if we are expecting a 20% minimum wage hike, we can expect a 17% drop in employment in uneducated workers. It's crazy. Recent minimum wage hikes are the big reason teen joblessness is at the highest level it's been in 60 years. But who would have seen that coming? Besides anyone who had any experience in business at all, anyone? A day not in the classroom. A day out in the real world.

On last week's Wednesday night special, Glenn Beck revealed where the Black Lives Matter organization really gets its funding, and the dark money trail leading to a cast of familiar characters. Shortly after the program aired, one of BLM's fiscal sponsors, Thousand Currents, took down its board of directors page, which featured one of these shady characters:

Ex-Marxist professor and author of "Beyond Woke," Michael Rectenwald, joined Glenn Beck on the TV show to fill us in on the suspicious change he discovered on the Thousand Currents webpage and the Communist terrorists who is now helping run the organization. (Fortunately, the internet is forever, so it is still possible to view the board of directors page by looking at a web archive from the WayBack Machine.)

Rectenwald revealed the shocking life history of Thousand Currents' vice chair of the board, Susan Rosenberg, who spent 16 years in federal prison for her part in a series of increasingly violent acts of terrorism, including bombing the U.S. Capitol building, bombing an FBI building, and targeting police for assassination.

"Their whole campaign was one of unbelievably vicious, murderous cop killings, assassinations, and bombings," explained Rectenwald of Rosenberg's terror group known as the May 19th Communist Organization or M19.

Watch the video below to catch more of the conversation:


Glenn's full investigation into the dark origins of the funding behind Black Lives Matter is available for BlazeTV subscribers. Not a subscriber? Use promo code GLENN to get $10 off your BlazeTV subscription or start your 30-day free trial today.

Want more from Glenn Beck?

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​Facebook BOYCOTT: Major corporations demand MORE social media censorship

Image source Omar Marques/SOPA Images/SOPA Images/LightRocket via Getty Images

A Facebook anti-hate campaign called "Stop Hate for Profit" is gaining momentum, leading large companies like Patagonia, North Face, REI, and Ben & Jerry's to pull advertising revenue if Facebook doesn't do more to "stop the spread of hateful lies and dangerous propaganda on its platform."

But, what is considered "hateful"? It's anything that goes against the mob, and they won't stop with Facebook. Any voices that speak out against the progressive narrative will soon be censored and silenced. The more this campaign grows, the more our freedom of speech diminishes.

Watch the video below to hear Glenn Beck break down the details:



Use promo code FIGHTTHEMOB to get $20 off your BlazeTV subscription or start your 30-day free trial today.

Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multiplatform network of voices who love America, defend the Constitution and live the American dream.

On his TV show Wednesday night, Glenn revealed where Black Lives Matter gets its considerable funding, and the dark money trail leading to a cast of familiar progressive characters.

Shortly after this program aired, one of the organizations, Thousand Currents, took down their board of directors page, which featured one of these characters.

Michael Rectenwald, a guest on Glenn's show, pointed out the suspicious change on Twitter.

Coincidence?

Fortunately, the internet is forever, so it is still possible to view the board of directors page by looking at a web archive from the WayBack Machine. Here's a screenshot:

Glenn's full investigation into the dark origins of the funding behind Black Lives Matter is available for BlazeTV subscribers. Not a subscriber? Use promo code FIGHTTHEMOB to get $20 off your BlazeTV subscription or start your 30-day free trial today.

Do you recognize your country anymore?

Me neither.

Not only is history being made, it's being rewritten and our history is being lost to Marxist revolutionaries as statues are toppled and Merriam-Webster changes our language. Does this passage from George Orwell's 1984 seem eerily similar to our day?:

"Every record has been destroyed or falsified, every book rewritten, every picture has been repainted, every statue and street building has been renamed, every date has been altered. And the process is continuing day by day and minute by minute. History has stopped. Nothing exists except an endless present in which the Party is always right." 1984, George Orwell

In the digital age, book burning is unnecessary. "Inappropriate" material just evaporates into the ether with a simple keystroke. The days I've been warning about for years are finally upon us and we need to be able to call on the wisdom of our Founding Fathers and other brilliant patriots and if you are relying on digital copies, you could find yourself out of luck.

Knowledge truly is power and we are now in the time where we need all the resources we can get, so I put together this list of the books you HAVE to have in your personal libraries. Along with these selections, I earnestly advise that you keep a journal. Your personal history is powerful and being able to preserve your thoughts and feelings for your posterity to learn from is an invaluable addition to any library.

I'd also suggest you look into Mercury One's "Leadership Training Program," the tools learned will be invaluable as you are able to inspect and learn from original sources as well as being taught by passionate historians. Stay tuned on this front, we have some exciting announcements coming soon.

You ARE the audience that will save the Republic and you have been prepared over the years for the role you need to play. I thank you from the bottom of my heart for being the people that Alexis de Tocqueville wrote about. America is good because it's people are good.

Keep up the good fight and God bless!

The 5000 Year Leap, by W. Cleon Skousen ​

The nation the Founders built is now in the throes of a political, economic, social, and spiritual crisis that has driven many to an almost frantic search for modern solutions. The truth is that the solutions have been available for a long time -- in the writings of our Founding Fathers -- carefully set forth in this timely book.

In The 5000 Year Leap: A Miracle That Changed the World, Discover the 28 Principles of Freedom our Founding Fathers said must be understood and perpetuated by every people who desire peace, prosperity, and freedom. Learn how adherence to these beliefs during the past 200 years has brought about more progress than was made in the previous 5000 years. These 28 Principles include The Genius of Natural Law, Virtuous and Moral Leaders, Equal Rights--Not Equal Things, and Avoiding the Burden of Debt.