Detailed text transcripts for TV channel - FOXNEWS - 20101220:08:08:00
It is only fair. protesters and politicians agree, wages should be higher. >> it is a fairness issue. >> for years, america's minimum wage was $5.15 an hour. last year congress raised it to $7.25. 14 states have gone further. washington state $8.55 an hour. progressives say it should be higher. >> absolutely. >> what would that be? >> about $9.00 an hour. >> nice idea. >> economist russ roberts points outsetting minimums has unintended consequences. >> first reaction is, great i get a raise, fantastic, i'm going to be able to buy this and that and take care of my kids. >> that's the seen benef...
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