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Currently the federal minimum wage sits at $7.25 an hour. protesters they're demanding more than double that to a whopping 15 bucks an hour. so how(j= you think this is going to impact small this is going to impact small business owners? joining us from the fox business network our sister network melissa francis. so you want to raise the minimum wage? >> i do. but not necessarily $15. $10.10, senate democrats wanted to go to $12 by 2020. >> is it your idea it has to be a liveable wage? >> i do. these people are working hard. >> what about when i started as a dish washer at 12 getting less than...

Salary. >> i don't think minimum wage jobs were designed for careers. >> it's convinced to say only teenagers should earn minimum wage? >> it's 62% are over -- >> 62% are students. half are under age 25. it's supposed to get you into the work place. the problem is if you raise it to $10.10, you're talking about a lot of people being out of work. they bet half a million people will be out of work? >> what about 600 economists that looked at 64 studies that say there are cities that raised minimum wage and there have been no problems >> you're talking about raising federal minimum wage where peo...

$10.10. i think that -- >> is your idea it has to be a livable wage, for the minimum wage? >> i believe it has to be a livable wage. >> i started as a dishwasher in a restaurant getting less than minimum wage. >> i don't think that was a good situation either. >> that was a good situation. i got a little kid beer at the end of the night. in all seriousness, i don't think minimum wage jobs were ever designed for people's careers. >> but they have ended up that. it's a myth to say it's only teenagers earning the minimum wage. people over 60 are earning it. >> 52% are actually students. more than...

Maker it harder for hispanics, african-americans and young americans to find work. as for senator rand paul he opposed president obama's plan to raise the minimum to $10.10 but asked if directly there could be any raise at a forum -- it's only harmful when it's above the mac wage. former florida governor jeb bush taking a different approach. he said the federal government should not be involved in raising the minimum wage. instead he wants the private sector to handle it scott walker was asked about his state's minimum wage late last year in an interviewer with "the milwaukee journal sentinel....

Scatter shot approach. even the congressional budget office showed when you increase the minimum wage it was $10.10 they said 25% of that benefit would flow to people above the poverty line. >> but those people -- the poverty line is so low. like i guess -- that's precisely the group of people who got -- >> that's not the people who need it the most. >> you're right, it is not the poorest of the poor. >> i think a tax credit is much better targeted and -- >> i don't want to lose this because i think -- i think there's a way in which that's a red herring. it is not the poorest of the poor and t...