Detailed text transcripts for TV channel - MSNBC - 20140602:20:59:00
Over seven years. the move will give a raise to 100,000 low wage workers in seattle and cut the poverty rate from 13% to 9%. one of the architects of the increase is multimillionaire venture capitalist nick hanour. responding to critics, he told the "l.a. times" we capitalists love our customers to be rich but our employees to be poor. you show me a low wage country and i'll show you a hellhole. $15 may seem high but the calculus is in part based on inflation and the value of what workers are actually producing. $15 is the middle ground between $10.50, which is what the minimum wage would have...
Source: news source