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And the evidence is it does cost jobs. doesn t cost huge amounts of jobs. it cost jobs for low skill workers who are largely in eating and drinking and retail trade. and 500,000 jobs, that s about a year s worth of job growth in those industries. we can t afford to do that to a population that needs work and incomes. it s going to be very hard to get republicans to come around to this. we ll see if that s reflected on the hill. thank you both of you. you can watch the president s remarks on this very subject on the minimum wage from university of michigan at 3:00 p.m. live on this very channel. we ve also got some big developing news overseas today that i want to turn to now. a powerful 8.2 magnitude earthquake has rocked the northern coast of chile overnight. it killed at least six people and triggered major fires. see the fires there. they are still raging. power outages and landslides have also been reported. thousands of residents returned home this morning after they ....
Everyone, the obama administration listed the news it was delaying employer mandates. so are employers happy? he joins us. good evening, sir. how do you do? very well. tell me, are you unhappy with the fact employer mandate has been extended for a year? and if it cost jobs in your business to employees? we have already cut employees so this is the horse is out of the barn for us. we ve cut employees to try to get under the 50 employee level. earlier this spring. so. we have it s cost us jobs we ve made a decision to adjust our plan and reduce our employee counts it s too late for us. i know you say it cost jobs to you but just the flip side ....
Administration listed the news it was delaying employer mandates. so are employers happy? he joins us. good evening, sir. how do you do? very well. tell me, are you unhappy with the fact employer mandate has been extended for a year? and if it cost jobs in your business to employees? we have already cut employees so this is the horse is out of the barn for us. we ve cut employees to try to get under the 50 employee level. earlier this spring. so. we have it s cost us jobs we ve made a decision to adjust our plan and reduce our employee counts it s too late for us. i know you say it cost jobs to you but just the flip side ....
Programs. medicare and medicaid. excuse me. it s actually if you are going to fund obamacare, one of the fairer ways to fund it. i d like to know what they are planning to do to come up with $30 billion. since we will have the program. obamacare is not going anywhere. where do they get the $30 billion? shannon: i have friends in industry that said it s difficult for them that it cost jobs because it was a tax on gross profit. why do we get involved with this? this is a symbolic of the political land mines we are going to see. there was divisiveness over the theoretical impact. now we have concern over the reality of obamacare. next year we see companies, big companies are going to start saying well, we would ....
Dividends doesn t just hit very rich people. you have $250 grand, it s a smoke screen. it hurts people that are investing in a private economy. i think what you re seeing here is attack on the private economy, relentless and journalists, not holding them accountable for the simple fact, i tell you, this is where i m at odds with adam. do private equity, the notion that private money goes into the companies, did it cost jobs in the long run or hurt jobs. caused or created jobs? i m telling you, it s created more jobs and people like you say that. the undercurrent seems to be, too, that you don t get the kind of out there front and center is that if you would just, if it let us spend more money than the unemployment rate here is what s going on here. i do want you to address this, because here is what i see in my simple mind. i see the blame game continuing in a more artful form, the reason we re not seeing more private sector gains because the private sector guys are running this ....