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Detailed text transcripts for TV channel - MSNBC - 20131205:19:20:00

especially in the value segments, and lead to fewer jobs created. what numbers or what is substantiating the claim it would slow job growth and create fewer jobs? well, companies certainly say if something would eat into their profits, they would have to make up that cost elsewhere, possibly by raising prices for consumers. you know, the restaurant industry is definitely a huge sector. they account for about $660 billion in sales annually, employ about 13 million people. but the question here is not really whether or not they can afford to pay their workers more but where s the economic incentive for them to do so. part of the issue here is we still have 11 million people who are unemployed. so the pool of workers who are seeking out jobs, any type of jobs, is still quite high. that puts downward pressure on wages. and that s why these workers in many cases are seeking a legislative solution to this economic problem. part of the statement from mcdonald s reads that mcdonald s and o

Transcripts for CNN CNN Newsroom 20131204 20:59:00

jobs in this difficult economy. in response to the strikes, the national restaurant association said in a statement dramatic increases in a starting wage will challenge that job growth history, increase prices for restaurant meals especially in the value segments, and lead to fewer jobs created. when we talk about these fast food workers and possibly walking off of the job tomorrow, how many do we think will do it? it is expected that thousands might. they re making in roads in that i talked with some workers who participated in the past and they say when they re boss cut wind they were taking part in it, they were paid higher, they got more hours. it helped them. yes, they re seeing it is resonating. thank you very much.

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