Jack Kingston: “Another great example of this is the minimum wage. It sounds great. "Let's give people 90 cents an hour more. It won't…”

“Another great example of this is the minimum wage. It sounds great. "Let's give people 90 cents an hour more. It won't hurt them." Yet if you look at what an increase in the minimum wage has done over the last increases, it decreases the number of jobs that are out there. This will cost Americans over 250,000 jobs. There are some interesting statistics on the minimum wage when we look at it. Only 2 percent of the people get minimum wage over 30 years old on an average. Thirty-nine percent of the people making minimum wage are teenagers. Sixty-six percent of the people making minimum wage are part-time workers. And on an average, an employee who starts at minimum wage today, in one year has a salary of $6.05 an hour. When you look at this and think that if you increase the minimum wage, you eliminate the number of jobs, you are going to increase the cost of groceries or services, goods and whatever it is that the retail stores sell, it is not a winner for the taxpayer, it is not good for the job seeker, it is not good for the teenager, it is not good for the employees, and it is not good for middle class America. Even though it is politically expedient to say, "Yeah, let's give them a raise." But the thing is, we have offered a gas tax cut, $500 per child tax credit, lower taxes on income taxes and things like this. You can put more real dollars in the pockets of American workers without expanding the size of government and government mandates.”