Detailed text transcripts for TV channel - MSNBC - 20140104:14:11:00 : vimarsana.com

Detailed text transcripts for TV channel - MSNBC - 20140104:14:11:00

the minimum wage in this country has fallen behind where it should be because it hasn't been lifted in so long. so we're in a place now where as you were pointing out, out of this recession, a pa majority of the jobs coming out of it are low wage. we have increasing inequality in the country, folks working 40 hours a week doing everything they can, cannot put food on the table. they can rely on the government. if terms of the points you were making, kerry the point about the cost to the workers just isn't borne out by the evidence. we have a sort of natural experiment in this country because we have states and localities that have different minimum wages. and economists have looked at this and found essentially no impact to moderate increases in the minimum wage. if you made it absurd, if you said it should be $1,000 an hour then. of course, there would be an impact. at the levels we are talking about, $10, maybe $15 an hour, there is basically no everyday.

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