Detailed text transcripts for TV channel - MSNBC - 20140622:12:19:00
The problems we have with economic growth is that workers, the vast majority of workers really haven't seen wage increases. the median wage -- the weekly median wage in 2001 was $768 per week, in 2012 it was $768 per week at a time when costs are going up. we have a real problem. go ahead. >> more importantly, costs are going up, but productivity has gone up. >> absolutely. >> it's not because workers aren't produce more. economic policy institute has calculated if the minimum wage just kept up with the productivity of regular workers it would be $22 an hour. neera is absolutely right. >> in f...