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FBN's Liz MacDonald on the debate over minimum wage hikes in the business community.
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Worth mentioning -- President Obama calling for an increase in the minimum wage during last -- State of the Union Address.
Let's declare that in the wealthiest nation on -- No one who works full time should have to live in poverty and raise the federal minimum wage to nine dollars an hour.
I was with the dollar's been looking into what an increase in minimum wage yeah being for business.
And the business case it is a job killer.
-- they're saying it's a job can't the killer this is probably most controversial provision or idea coming out proposal out of the president's speech last night.
It's really politically divisive we have.
The retail federation of businesses the national small business association out in full force today.
On the Internet blasting away saying this is -- job killer and then the other side of the there is saying wait a second if you you know this is what Mitt Romney actually wanted.
He would -- Mitt Romney had proposed this to.
You have got three of the three of the four women who were in poverty are are minimum wage workers.
It's an anti poverty measure its -- about income inequality median income -- rising.
But then the president also so -- I -- nineteen states so have already raised the minimum wage why don't why doesn't the federal government do it.
Well yet they haven't then it becomes -- Point out that it cost jobs because the people who would have gotten minimum wage that this just have to raise the pay for everyone else and now they can afford to hire the extra.
Position this -- always been largely a political fix it doesn't really help the economy with more spending power -- When you look at the studies out there I -- just saying it's -- drop on both sides of the -- Santa Fe San Francisco raise the mineral wage and he didn't see the unemployment rate go up.
And also -- essentially saying that listen we've got a jobless rate that's the that is being held up higher by minimum wage hikes but the studies aren't really proving that either way.
The -- could -- be the overall downturn in the economy that's what they're saying this is.
This is twenty.
What percent hike in the minimum wage he's proposing yeah that's a big cost and business and -- a big cost of business but then the right any got to say well why not 25 dollars an hour -- -- a -- -- live in a while the governor is stepping tentative you don't be likely -- the market figure out all right thanks very much endless list McDonald's.
