Fox Business
Expand
Browse All Video
Watch Live

You're watching...

President Inaccurately Depicting Minimum Wage Workers?

Details

  • Description

    FBN’s Gerri Willis on the President’s calls to raise the minimum wage.

  • Duration 3:32
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

The president last night called for an increase in the minimum wage.

Tonight.

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.

You know by the way that's a 24%.

Increase in pay from -- 725 an hour now.

It's not the first time Obama has called for an increase in the minimum wage but the difference is this time he'll campaign across the country to make it happen.

Truth is raising minimum wage could be just about the worst thing he can do for the jobs market.

Already we're more than seven and a half million jobs below.

The level where the president promised we would be when he took office.

Raising the minimum wage means employers whose businesses are struggling here on the margin -- -- critic jobs cut workers.

The last minimum wage increase in 2009 eliminated 300000.

Jobs it's.

It all happened before.

Now for president says he won't sleep until everybody who has a job.

Who wants a job that is has -- one well get some -- -- because there's going to be some sleepless nights ahead.

There are unintended consequences of a higher wage policy but there is also the fact the president in accurately depicts the people on minimum wage.

Look if you surmised from the president's description.

Minimum wage workers -- single mothers balancing a job at McDonald's -- caring for kids well you're probably wrong.

Nearly half of minimum wage workers or people under 25 years of age 69%.

Work part time.

The true picture of the typical minimum wage worker is a high schooler college student with a part time job where -- balancing.

The demands of work in an academic life.

Did they deserve a 24% pay hike.

-- -- Also again according to heritage people who were paid minimum wage typically live in households with incomes two or more times the official poverty level.

-- economists refer to those people as mom and dad here's what the president doesn't understand that you probably.

Minimum wage jobs are training positions the employer contributes everybody is much the worker in terms of training.

Teaching job skills good work habits haven't meet expectations.

As the work hurt contributes.

That's what his folks are getting -- -- new base.

The job market is full of people performing at different levels and they all don't -- -- paid the same amount of money.

That's fair and that's right and that's good.

And oh by the way two thirds of minimum wage workers don't earn minimum wage after year they get a raids.

So finally I -- the president's trying to plan -- fears.

Our fears about the economy in the future.

Behind his rhetoric.

Is the idea that the private economy isn't up to the task of providing good -- with -- pay.

The government Astec kicked him in the behind it make it happen.

I disagree that's just wrong.

Our workforce isn't dominated by minimum wage jobs it's the exception.

Far from the rule -- 5% of workers are paid the minimum wage and that's down from nearly thirteen and a half percent in 1979.

Look in a world in which fourteen million of us are unemployed or underemployed.

The minimum wage is far from the biggest problem facing American workers.

We need a strong economy to produce jobs for every level of worker.

Let's fix on that and solve it.

Load More