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Rate and boost wages. i don't think of anything better than getting oil and gas production back to 14 million or 15 million barrels a day. it would help the economy enormously. >> bret: steve, mentioned inflation, the thanksgiving meal is going to be more expensive, about $10.74, according to the american farm bureau. your reaction to all of this. >> well, people are going to be spending as much this year as last year, but it's become very clear that what they buy without those dollar outlays are going to be less. so 16 presents i saw one survey, the average is going to be 9 in a family. also ...

In san francisco. that city has a minimum wage of $10.74, and it's going to go up every year, because it's indexed to inflation. california just passed an increase to $10 an hour. there are five states that passed increases last year, many more are going to do it this year, including in red states like alaska and south dakota, that will have it on the ballot. and it's clear that these increases, like igor were saying earlier, have not caused job loss. we have not seen massive unemployment among low-wage industries. in fact, they have been booming, because they are the ones that are disproporti...

Hour? >> one of the bills being introduced is $10.10 an hour. california in september increased the minimum wage to $10 an hour. if you looked at t the minimum wage in 1968 the cost of living increased so much that our minimum wage today if you corrected for inflation would be $10.74. >> why not 20? let's go crazy? why not $50 an hour? >> we have to strike a balance between what's appropriate compensation for people for the work they do and what works for the economy. the economy has been struggling. a minimum wage increase that for every thousand dollars it

Organizers plan strikes and protests nationwide, all part after push to demand higher wages. the federal minimum wage is $7.25. some states, maybe yours, offer more than that top three being washington state, it pays 9: 19-dollars minimum wage. our gone, vermont, 8.60. some cities pay minimum wage higher than their states. some cities include san francisco for example. they pay 10:55. that will go up to 10.74. santa fe, new mexico, at $10.51 an hour. there will be a quiz on that later. i hope you got all the numbers. the bottom line there is a big disparity around the country when you get paid...

That's an interesting idea. why would you pay a higher wage than a mass employer like kfc? >> i'm an employer who's committed to the business, but also, feels like he has a stake, that the paycheck he takes home at the end of the week is worth working for, it supports his family. you were citing the statistics, if we were at the same minimum wage adjusted for inflation, we'd be at 10.74. the fact is 23% of americans are under that 1968 adjusted wage. we're making less than we were back then. those workers are -- >> shanita. you work just above minimum wage, right? >> irene thely got a promotio...