minimum wage standard of 7.25 an hour. in washington the hourly rate is 9.32. now there is a growing movement in d.c. to pass the fair minimum wage act which would impact all 50 states. would this help the economy or would that legislation kill jobs? joining me with reaction, former congressman and fox news contributor dennis kucinich. you were on the left side of the aisle. you are for raising the minimum wanl, right? if you consider 21 states have minimum wage in excess of the federal wage the position i take is that minimum wage should be increased to at least $10 an hour is in line t t with the main stream. it s center america. i would beg to differ on that. i m not sure where you are getting your information. facts. where did you get $10 an
[ speaking at the same time ] anything above supply and demand you will ship those jobs over seas. 25 to 35-year-olds are most favorably affected by an increase in the minimum wanl. we should do it. thank you very much. coming up, if you live in the northeast get your gear ready. frigid temperatures expected tomorrow. i wonder what the global warming alarmists have to say about. and an explosive allegation rocking the nfl. this former vikings player says he was fired because he supported same-sex marriage. and toronto s crack-smoking mayor won t call it quits. i have the strongest track record. i have been the best mayor in this city. that and more. plus log onto hannitylive.foxnews.com. follow the show and share your thoughts on this and more on hannitylive.foxnews.com. she keeps you on your toes.
increased. increases in the minimum wage promotes demand. our economy is driven. 70 oh% is consumer spending or gdp. you say we have to strike a balance with what s appropriate compensation. first of all, doesn t the free market dictate what the appropriate compensation is by striking a balance between supply and demand for labor? no. you have two-thirds of minimum wage workers with the biggest profits. they are not sharing great success in the market with employees. we have to keep in mind that it s not just about what we call a minimum wanl but a living wanl considering the cost of food, cost of clothing. transportation, health care. these are concerns affecting american families. my problem is when the federal government gets involved in deciding what the living wage is rather than the free market this is the way it works.
[ speaking at the same time ] anything above supply and demand you will ship those jobs over seas. 25 to 35-year-olds are most favorably affected by an increase in the minimum wanl. we should do it. thank you very much. coming up, if you live in the northeast get your gear ready. frigid temperatures expected tomorrow. i wonder what the global warming alarmists have to say about. and an explosive allegation rocking the nfl. this former vikings player says he was fired because he supported same-sex marriage. and toronto s crack-smoking mayor won t call it quits. i have the strongest track record. i have been the best mayor in this city. that and more. plus log onto hannitylive.foxnews.com. follow the show and share your thoughts on this and more on hannitylive.foxnews.com. [ laughter ]
how does it ensure anything other than the employer is paying more out of pocket? it doesn t qualify the worker. if you have turnover 57bdand lot of minimum wanl jobs are subject to high turnover. churning of employment t at that level is an adverse negative if he can on employers. if employers want productivity. if employers want to reduce turnover they pay a higher wage. that part you are right about. if they don t want turnover they will raise the wanls not because of a federally mandated min mudge wage. the unemployment rate between 16 and 19 in america exceeds 20%. if you are african-american, 16 to 1 t t9, unemployment is 35%.