Detailed text transcripts for TV channel - MSNBC - 20140404:19:31:00
The actual federal minimum wage for waiters and wait tress is $2.13. they get tips on top of that, but clearly, there needs to be this pay increase. and by the way, peter mentioned the 500,000 from the cbo, what he failed to mention is that the cbo shows that 24.5 million workers. 24.5 million workers get a boost from that wage increase. that's something like 99% of the targeted audience. >> but let's remember, jared, if we increase employment by 500,000, those people pay the price for that. we can't deny that there are tradeoffs. i think you have to admit to that. >> i take your point there. ...