Detailed text transcripts for TV channel - FOXNEWS - 20190722:11:26:00
>> well it's shallow thinking. it feels good. it's emotionally driven, but it doesn't actually do any good and they're not thinking of the second or third order consequences of the $15 minimum wage and this has been debunked over and over again by economists. it's bad for economics and also bad because it's a one-size-fits-all policy from the federal level. economically speaking, it causes job loss. the cbo estimates up to 3.7 million jobs, 3.7 million jobs, would be lost under this kind of bill, and it's not hard to understand why. when a business is faced with a new minimum wage, well their ...