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Detailed text transcripts for TV channel - MSNBC - 20130725:00:56:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20130725:00:56:00

Degree. today it's one out of three. that's the mantra, go get an education, you'll get a raise somehow. that's not true in this economy. the economy we're in right now, is fundamentally a low wage economy. there are millions of shanita's around the country. and we know how to raise wages and keep business profit an at the same time. it's not something we haven't figured out. we have the tools to do this, and the social science scholarship for the last 20 years has shown that there are no negligible employment -- >> there's been this revolution that's happened in economics, where the old model...

Detailed text transcripts for TV channel - MSNBC - 20130725:07:56:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20130725:07:56:00

The economy we're in right now, is fundamentally a low wage economy. there are millions of shanita's around the country. and we know how to raise wages and keep business profit an at the same time. it's not something we haven't figured out. we have the tools to do this, and the social science scholarship for the last 20 years has shown that there are no negligible employment -- >> there's been this revolution that's happened in economics, where the old model just said, yeah, you raise the minimum wage and you're going to put people out of work. that's supply and demand, you put an artificial p...