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Detailed text transcripts for TV channel - MSNBC - 20130216:15:32:00

That you feel is closer to getting people out of poverty, but that is what you see in the context of raising the minimum wages? yes, because the wages for the low wage workers have been falling and real wages falling for past three decades, and that was accelerated in the downturn. as you noted most of the job growth in the recovery has been in the low wage sector and that continues a trend for the past several decades, and we need to do things to take affirmative measures to lift the wage floor across the bottom of the labor market. that is where the job growth is occurring now and job growth is projected to occur over the next decade. unless we take actions to lift the wage floor, we will have more and more workers and their families slipping from the middle-class into poverty. the bottom line is that people who work for a living ought to make a living from work. there is nothing in the economy ....

City Minimum Wage , Job Growth , Labor Market , Wage Floor , Bottom Line ,

Detailed text transcripts for TV channel - MSNBC - 20130216:15:42:00

We have an economy that has not benefited most people over three decades. what is important about the minimum wage is that we need to start having standards where the employers are now competing gai against each other as to who can underpay their workers. yes. and provide and give the least of the workers. so one small employer may have minimum wage workers and when they raise the minimum wage, all of the other small employers in the same industry are going to have to pay the workers more. if one is hurt more than the other, it is because they are competing based on having lower wages. we need to have a labor standard, a wage floor. this is what i disagree with the president somewhat on this, and i think about it as christine owens does, because it is not a poverty thing, because we want to help the low-wage workers, but it is an adult working women s issue, and they live in families of 60th percentile, and ....

City Minimum Wage , Each Other , Wage Floor , Labor Standard , Camille De Arienz Soshgs , Christine Owens , Poverty Thing , Working Women S , 60th Percentile ,

Detailed text transcripts for TV channel - MSNBC - 20121125:15:07:00

Takes business, it takes government, it takes individuals to sort of create a contract in the country. employees simply walked away from that bargain. we have not had accountability at all. we re with demos. you tried to quantify and move the focus to employers in part by telling whaus would happen if this employer behaved in a different way. what s the take away point from the study sm. we wanted to ask the question, we know that the government could do a lot more to put people back to work. couldn t private sector do more? we looked at the retail industry at large. we took the largest retailers as a whole, the big chain stores and said, okay, approximate they lifted the wage floor for the most underpaid workers to $25,000 a year, what would be the economic impacts. we found it would create by putting more money in the job creators of the country, the low wage workers who spend every time they get. ....

Long Way To Go , Study Sm , Chain Stores , Couldn T , Retail Industry , Wage Workers , Wage Floor , Job Creators ,

Detailed text transcripts for TV channel - MSNBC - 20121125:15:29:00

As professor at m.i.t. says between seeing labor as a cost to be minimized and seeing your workers as an asset to be maximized. this is the question, what is a company? i think of my organization and the people who work there are the organization. we re not a publicly traded company. that s, i think, where the tension comes in. it s where you identify the value that your company is. is it the people who go to work there every day who make the decisions on the floor who are the face of your enterprise to the customers or is it the sort of invisible shareholders? and time after time, we ve seen in this new economy management choosing shareholders oftentimes distant people who are just clicking on ameritrade over their workers. we looked at the amount of money that the retailers, the large retailers as a whole would need to do this new wage floor we were talking about in our study. was about $20 billion. just the top ten retailers spent more than that. ....

Insurance Company , Nonprofit Organization , On Ameritrade , Wage Floor , 20 Billion , 0 Billion ,

Detailed text transcripts for TV channel - MSNBC - 20121118:14:34:00

Market works. we wanted to actually dig into this question. we have seen a shift, a historic shift from gm being the largest employer, an employer that helped create the middle class to walmart. is it necessary to actually have low wages in order to have low prices? that s the question. everybody says that s the trade off. we looked at the largest chain stores. if we were to if they were to raise the wage floor so the lowest paid worker made $25,000 a year for full time employment, a 27% raise from the typical retail worker now, what would that do? we found, the reports being released tomorrow, we found it would lift 700,000 people out of poverty. it would give 5.3 million ....

Market Works , Trade Off , Chain Stores , Wage Floor , Retail Worker , 5 3 Million ,