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Detailed text transcripts for TV channel - MSNBC - 20140402:20:05:00

Manufacturing, but it is to a degree service-based and consumer-based. right. i mean, 70% of our g. double play gdp is consumer spending. in europe it s 55%. so we do engage in considerable spending which drives the economy forward. and we know minimum wage workers have faced a tough wage front for a long time. the minimum wage is a very direct way to help them in that regard. and sure, some of it feeds back into the economy in terms of higher spending. and by the way, some of it also off sets this inequality problem that the president has elevated. so in many ways the a very big plus. at to that the politics i thought michael well articulated and you have a pretty important ....

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Detailed text transcripts for TV channel - MSNBC - 20140402:20:04:00

And clearly he s trying to help not just national democrats but also help democrats in certain environments of the state legislatures to push through some of these agendas at the local level. because republicans always make the arguments, the fallback if nothing else, that let the states decide. this is a 10eth amendment issue if you will. put it before the states and let them ultimately decide. so the president is saying all right, let s go there. and let s bring this national discussion to the local level. it creates a lot of energy on the ground that often leads to turnout of your vote. and elevates the argument from the bottom up as opposed to just coming from the white house or the reed on the senate side. i want to get your point of view of what this means for the economy. when you have a minimum wage going up to $10.10. it does have a good effect. we talk a lot about ....

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Detailed text transcripts for TV channel - MSNBC - 20140402:20:09:00

Workers. i think it makes sense in politics and economics and that intersection isn t always available. michael, in terms of the base. you re hearing well this could put us out off business because it is going to drive up the wages and suppress profit asks we won t be able to continue to employ folks. but if you go to a lot of people, that sounds oh that is not a bad idea. it is fairly low. it does necessarily cover the cost of things that i need. do you see a time where republicans seem mo move a little bit maybe not 10.10 but let s meet somewhere in the middle. i think it does have potential for steam down the road. but i think it has potential now. and this is an issue i don t think republicans should run away. i grew up in a minimum wage household, so i know first happened how you live within those con fiemts. but the reality is how we should ....

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Detailed text transcripts for TV channel - MSNBC - 20140402:20:01:00

Minimum wage you have more money to spend. this only gets people out of poverty. they re saying you should be paid a poverty wanl. either you succeed in the min wage or you succeed in making republicans look bad. nobody at this time should be raising their family in poverty. i m luke broussard in for the great alex wagner. president obama is now on the road, departingmi ining any min an evening in his hometown. first a speech about minimum wage. the president invoked one of the titans of industry. it was here in michigan a hundred years ago that henry ford announced he was doubling worker s wages. he understood it was going to be ....

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Detailed text transcripts for TV channel - MSNBC - 20140402:20:11:00

Happen. what happens where you have a minimum wage of some states with 10.10 and others that are considerably lower. at that point it largely becomes a southern issue. it s hard to imagine some of our most southerly states taking these initiatives on themselves relative to themies and the connecticut and the illinois etc. it seems to me the federal minimum wage may hold as the southern minimum wage. let s chekeep in mind also t the minimum wage to jarrett s point is also a training wage. a lot of this has to be skill based. this is a wage that we are going to pay those who have less skill in a particular area of work. so the idea that the employer can be somehow incentivized to ....

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