WATCH: S.E. Cupp gets an income inequality lesson from Robert Reich
“You would suggest that we force employers to raise wages, force union participation, raise taxes on the top job creators, and force employers to cut off hiring at 50 employees to avoid Obamacare mandates,” Cupp told Reich. “How is that a job recipe for job creation?”
“It’s not forcing,” Reich replied, leading Cupp to shoot back, “You want to raise the minimum wage, which would force (employers) to raise wages.”
“We’ve had a minimum wage in this country since 1935,” Reich responded. “Raising the minimum wage is good for the country. It puts more money in the pockets of people. Sixty-five percent of Americans want to raise the minimum wage. Most minimum-wage workers these days are not teenagers; they are breadwinners. If you help them, you are helping the economy overall. And a lot of employers will benefit from a higher minimum wage.”
Reich went on to argue that a minimum wage comparable to pay in 1968 after adjusting for inflation would be $10.40, and $15 an hour after adjusting for “productivity improvements.”
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http://www.rawstory.com/rs/2014/01/15/watch-s-e-cupp-gets-an-income-inequality-lesson-from-robert-reich/