Detailed text transcripts for TV channel - MSNBC - 20130730:07:51:00
$7.25 an hour is so far below what employers used to pay. the minimum wage used to be almost $11, had it kept pace with inflation. economists across the political spectrum agree the reason why job growth is slow is because consumers don't have money to spend because they're making poverty wages. >> i want to say, show a bit, rick berman on fox business, rick berman is a hired gun essentially of various agencies, this is him arguing for why you shouldn't make more money. take a listen. >> at $15 an hour, many, i won't say a majority, but many fast food restaurants are out of business. business ...