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Detailed text transcripts for TV channel - MSNBC - 20140130:19:26:00

of the folks that you re trying to help. craig, this is always the argument that s made against the minimum wage, while in theory you can understand that argument, in practice there s been empirical evidence that that proves to be true. it doesn t affect behavior that way. we don t see job losses when we raise the minimum wage. we have a lot of historical data to deal with. it s not like it s the first time the minimum wage has been proposed to be increased. the reality is we re back at a level that we haven t seen since 1968 in terms of the value of the minimum wage. theoretically you can make that argument as some do. in practice empirically we don t see job losses accompany a drop in the minimum wage. i have to ask you about your democratic colleague, henry waxman, who has been a part of the lower chamber for, you correct me if i m wrong, this is going into his fourth decade. i mean, this is his 20th term. such an influential voice for democrats especially. what are you going to

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