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Entrepreneurship. not because they get rich and we love rich people but because they are the great engine of job creation. that's the right econ101 playbook. >> am i going to be out of the job. >> not any time soon. >> we have to reinvent the ways we work with computers. that's the part that's lagging. the technology is racing ahead. our skills, organizations, economic policies are lagging behind. we want to change the conversation with this book and get people thinking about how to speed up that part of society. >> i'm going to try to get back and get to know my digital better. up next, why...

>> says you. >> no, actually it says university of -- >> you add that to multiple items every week -- >> we're talking about employment. here's the key thing. the minimum wage has no effect on employment. you try to say it kills jobs. it doesn't. vermont, among the highest minimum wages in the country, among the lowest some -- and the lowest unemployment rates in the country. we have study after study that shows raising the minimum wage doesn't kill jobs. it boosts workers' wages, which is what we need to do. >> wait, wait, wait. >> i fundamentally disagree with you. econ 101, if you raise the...

Fellow at the center of budget and priorities. and james peterson, associate professor at lehigh university. both msnbc contributors. jerryd, i'll start with you. as an economist, is there a coherent argument against raising the minimum wage? >> well, there is a coherent argument. it's just not an empirically sound argument. and in fact, it's been proved wrong many times over. the coherent argument is the one you've heard recently from john boehner. he goes around saying, we can't raise the minimum wage, because guess what, when you raise the price of something, people buy less of it. and fran...

Up to raising the debt limit? >> i don't think anybody wants to see a sort of fiscal cliff kind of fight where we all go to the brink but i think the debt limit is a big deal not just for house republicans but for our entire country. and back where i'm from, in the 6th district of indiana, people believe it is immoral to keep spending money we don't have. we need to have a plan that gets -- bends the cost curve and gets spending back in control. >> are you confident the rank and file members, though, understand the dynamics of the debt limit? that is something a lot of the gop readership folks...

Of people wealthier at the expense of other jobs. i have no doubt he would do that for america as well as president. >> the bottom line is that in order to get people to invest money, whether it's john's money or my money or your money, you basically have to get a minimal profit back. that's what this country is about. that's what capitalism is about. this whole administration needs to take econ 101 class. they are very good playing robin hood politics take from the rich and giving to the poor the president talks about that all the time. that's not going to create jobs and make this country st...