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FBN’s Liz MacDonald on Rep. Jesse Jackson Jr. pushing for a federal minimum wage hike to help the lower tax brackets in the U.S.
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Companies from hiring that's the big question Elizabeth MacDonald GMAC here with but my father.
I think the last time frank Iraq within probably 97 the -- hi hi I'm not going there and I do look dvds but you know here's a still representative bad Jesse Jackson Democrat Adam Illinois junior.
His famous father is Jesse Jackson he's saying you know what -- the weighted bail out the 99%.
Is to raise the minute rates -- ten bucks an hour the federal minimum wage is those those sales stimulate the economy.
He -- lower income brackets tend to spend more than upper income brackets he's saying to look at we've been -- about that banks so forth why not bail out their lower brackets of the 99% the problem is this move could hurt.
The 99%.
Because businesses across the country is saying wait a second if you tell us to raise the -- wage.
That's gonna hurt job creation affect their senior editor Charlie Brady.
Just take a look at what he is found in terms of the data they gonna see going back ten years -- tracks youth unemployment tracks a higher.
-- doing -- think about it you know when's the last time you saw.
-- was somebody basically helping you pump your own gas you don't see that anymore there's more self checkout lines in grocery stores and places like come deep well.
And you know that's -- issue it tests and knock out the lower -- And in fact Cornell University found that the last time congress raised the federal mineral -- look at this 20% cut.
And low skilled jobs actually an -- -- this is a big deal this is a hot button issue that's gaining some traction in congress where they do not.
Means to be seen -- very quickly it's is more the state issue his name Mac -- -- you know federal level.
Yeah that's an important question because eighteen states over already raised the minimum wage beyond what the federal minimum wages and now five more states could do just -- Including basically we're looking at Illinois that dozens and policy Connecticut Massachusetts new York New Jersey so -- to the number to 23 -- half the country.
Where states have higher federal activity had a higher -- wages right so the State's fifth and taking care of the problem not at the federal level very Kennedy -- bottom line.
