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Detailed text transcripts for TV channel - MSNBC - 20131208:18:10:00

Memorial on tuesday. so we re going to have to see how it all plays out. alex? very neat to have it be so joyful though, the celebrations. thank you, michelle kosinski. coming up, i ll be speaking with former mayor david dinkins, a friend of mandela. to politics. with the house and senate both heading back to d.c. tomorrow, key lawmakers are turning their focus to what can get done before adjourning for the year. that includes calls to raise the minimum wage. there was a time when raising the minimum wage was a bipartisan issue, and we did it regularly to protect those hard-working americans who couldn t keep up with the expenses of life. now it s become a partisan issue. fmplgts you raise the m if you raise the minimum wage, you ll have fewer opportunities. about half the people who get the minimum wage are between 16 and 24. also new today, iranian state ....

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Detailed text transcripts for TV channel - MSNBC - 20131208:18:36:00

There could even be job loss. i think it s wrong to say you raise the minimum wage and nothing happens to workers prospects. but we ve seen time and time again with many increases over time and across different states and counties that the beneficiaries of a moderate increase in the minimum wage far outweigh any cost. so it makes sense that low-wage workers are out there on the barricades saying, raise our wages. in many ways, they know best what s right for them in this regard. absolutely, but should things be looked at from community, like a local cost of living get factored into this? there s a huge difference between what you can get for $7.25 an hour in little rock and here in new york city. i think in a sense that kind of geographic variation makes sense. because there are so many different labor markets. you and i often talk about the national economy. the national economy is just an aggregate of the locals. on the other hand, and this is why i think a national minimum ....

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Detailed text transcripts for TV channel - MSNBC - 20131208:18:37:00

Wage of a reasonable level, the kind that s been proposed in congress makes sense. if you have one wage, one wage floor for the nation, that means no firm is at a competitive disadvantage to another firm. they all face the same wage floor. and i think that helps in a competitive framework. okay. the senate bill that you re referencing there calls for $10.10 an hour. what kind of a difference do you think that would make on either end, for workers and the businesses? well, it s very important to understand first of all that phases in over three years. so if that were passed, say, in 2014, it would go up in 14, 15, and 16 and wouldn t hit $10.10 until 2016. according to analysis, it would be very much in this range of a moderate minimum wage increase, the type that historically has lifted the pay of workers without causing the kind of unintended consequences that the opposition tends to scream ....

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Detailed text transcripts for TV channel - MSNBC - 20130829:22:20:00

Bernstein, former chief economist for vice president biden. thanks for being here, jared. my pleasure, reverend. now, workers are fighting for the minimum wage, and banks are making record profits. what should congress be doing to fight the inequality we see in this country, jared? very simply, they should raise the minimum wage. you know, by the way, there were lots of republicans, over 60 who supported a minimum wage increase when george bush proposed it the last time we raised it back in 2007. so this is not an issue that is that foreign to republicans, in no small part but it just polls through the roof. people recognize that a wage floor of $7.25 not a very low wage floor in our economy, but very low by measures of other advanced economies is something that is popular because, a, it doesn t have any budgetary implications. and b, it helps working people get reconnected to a growing ....

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Detailed text transcripts for TV channel - MSNBC - 20130829:22:21:00

Economy that has largely left them behind. you know, you re right. because when you look at the polling, polls show raising minimum wage is really hugely popular. gallup poll found 71% of americans support it, including 75% of moderates, and even 54% of conservatives. and the fight for higher minimum wage goes all the way back to the first march on washington. did you know, jared, the organizers wanted a national minimum wage to, quote, give all americans a decent standard of living. this is in the 63 march. they wanted it to be $2 an hour then. why is the minimum wage such a crucial part in the fight for equality, jared? first of all that, would be $10 an hour in today s dollars, adjusting for inflation. because it adjusts the wage floor for so many of the working poor. you know, who has the least amount of bargaining power in ....

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