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Of an earning capacity where they are not the sole breadwinner, but artificially trying to raise wages when you have an economy that's being hurt by the tax code, hurt by the federal reserve, hurt by this crazy health care thing we call obamacare, that is just going to make the problem worse for those who need help the most, those who have no skills or are trying to break into the workforce. those are the ones that are hurt when you substantially raise the minimum wage. >> austan, is this -- is minimum wage an economic issue, or is it a political issue in washington? >> i think certainly in wa...

Of an earning capacity where they are not sole breadwinner, but artificially trying to raise wages when you have an economy that's being hurt by the tax code, hurt by the federal reserve, hurt by this crazy health care thing we call obamacare, that is just going to make the problem worse for those who need help the most, those who have no skills or are trying to break into the workforce. those are the ones that are hurt when you substantially hurt the minimum wage. >> austan, is this -- is minimum wage an economic issue, or is it a political issue in washington? >> i think certainly in washing...

Maybe like ten years ago, there would have been a sense of maybe i'm a little embarrassed. now, i'm proud, i'm not going to have her carrying this baby. i'm carrying this baby. >> you've seen commercials about that where it's being celebrated, a guy with a baby carriage. >> right. >> louis c.k., hardly a model, comedian for masculinity in the traditional sense, nonetheless in a kind of macho way has talked about you're not a real man if you're not parenting. he's saying that -- he's questioning your manhood if you're not there supporting, if you're not changing diapers and waking up in the mid...

The stipends so they could come back and go to school. but it was one of the great accomplishments post world war ii. every economist that looks at higher education will tell you that higher education is going to lift the standard of living and the earning capacity of every individual that goes to college. i would like to see more equity than debt. >> president obama has talked about his experience, the first lady's experience on student loans and how they just wouldn't be where they are in life without that kind of help, when you came back from vietnam having lost your leg there having to s...

And their lives along the way in this economy? >> well, you look, it's an extremely important thing that the government attempts to do, we have transformed the middle class after the second world war, the gi bill, thanks to web and others we extended it to iraq war veterans and it wasn't equity, it was cash equity and the stipends so they could come back and go to school. but it was one of the great accomplishments post world war ii. every economist that looks at higher education will tell you that higher education is going to lift the standard of living and the earning capacity of every indiv...