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Detailed text transcripts for TV channel - MSNBC - 20120611:14:36:00

Ongoing now for a couple of years. and if you go back further to the last expansion, over the years of the 2000s, same thing. and that s the well-known problem of economic inequality. one of the problems that low-wage workers have is they just don t have a lot of bargaining power. so it s very tough for them to claim their fair share of the growing economy and a higher wage floor helps them in that regard. here s what republicans argued. the vast majority of people who are hired on the minimum wage, by one accounting, at least two-thirds, get a raise within one to 12 months. they say that the very few people get stuck at the minimum wage. in fact, increases are sort of built into those kinds of jobs. yeah, i don t necessarily disagree. the problem is the magnitude of that raise. if inflation is running at 2% to 3%, which it s been and your raise is 1%, .5%, you re still losing ground in real terms. ....

Bargaining Power , Wage Floor , Minimum Wage ,

Detailed text transcripts for TV channel - MSNBC - 20140223:15:03:00

Currently make between $7.25 and $10.10 an hour. another 8 million making just more than $10.10 could also see ripple effects from the wage bump. a higher minimum wage would increase income altogether by $5 billion a year for poor families. and $14 billion a year for those in the middle class. and it would lift 900,000 people out of poverty, about 2% of the 45 million americans living below the poverty line. those are great, inspiring numbers that will serve as substantiative ammunition for the proponents of a higher wage floor. but there s still that catch. in the same report, the cbo estimates that raising the wage could result in a decrease in the number of jobs, anywhere between just a few to as many as 1 million jobs could be lost. now, the cbo uses midpoints in their estimate, which is why you ve seen headlines this week which says the minimum wage increase could kill 500,000 jobs. now, several economists along with the new york times editorial page and the white house have arg ....

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Detailed text transcripts for TV channel - MSNBC - 20131205:20:03:00

Detailed text transcripts for TV channel - MSNBC - 20131205:20:03:00
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