morning, saturday sherk,ooper and james labor economics research fellow. they join us to discuss how that minimum wage has impacted businesses at the state and local levels. christian weller will talk about the new labor department which raises investment advice standards. he will also look at how americans are saving for retirement. 7:00 a.m.live at eastern. when the discussion. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] tv -- book tv is live at the los angeles times less full of books which takes place at the university of southern california. book,ks about his latest dig deep. by kevinerviewed , editor in chief of the undefeated. >> you have to unlearn some things. you have to have humility. .s -- maybe i was focused p.m. -- go to0:00 book tv.org. go to booktv.com org for the schedule.working miranda vs. arizona, and a forum options for funding money for higher education. former vice president dick cheney talking about the role of vice president and the selecti

. >> on the next washington journal, david cooper and james sherk discuss our recent increases in the minimum wage at state and local levels have impacted local economies and businesses. and christian weller looks at whether americans are efficiently saving for retirement. you can join the conversation on facebook and twitter. live at 7 a.m. eastern on c-span. next, proposals to eliminate federal student aid programs and to replace them with direct federal funding to the state. with higherscussion education leaders and scholars was hosted by new america.

this morning, david cooper for the economic policy thistute and james sherk guy's recent increases in the minimum wage at state and local levels. of christian weller, author "retirement on the rocks" looks at if americans are sufficiently saving for retirement. we will take your calls and you can join the conversation on facebook and twitter. washington journal is next. ♪ host: good morning to you. it is a cold saturday in washington, d.c.. today we look -- we will spend the entire program talking by your financial health. we will discuss the increase in the minimum wage to $15 an hour in california and new york and new government regulations designed to protect your retirement savings. we want to hear about your financial situation. data from the pew research center shows the middle class is tracking. how are you doing? if you feel like you are getting ahead in this economy, call us at (202) 748-8000.

. >> on the next washington journal, david cooper and james sherk discuss our recent increases in the minimum wage at state and local levels have impacted local economies and businesses. and christian weller looks at whether americans are efficiently saving for retirement. you can join the conversation on facebook and twitter. live at 7 a.m. eastern on c-span. next, proposals to eliminate federal student aid programs and to replace them with direct federal funding to the state. with higherscussion education leaders and scholars was hosted by new america. this is one hour and a half. >> thank you also much for being here today. we appreciate you taking your time on this cold saturday to enjoy this debate with us. ons is actually not focused the paper we released a few months ago. about as wea came were debating the different topics that formed our paper. that is printed within the lobby for anyone interested in having a shiny copy. actually compared them to the new america proposal. that is also in the lobby. both publications are thought-provoking and this debate is also thought-provo

our other guest is james sherk. he is a labor economics research fellow.got his bachelor's and economics and mathematics from hillsdale college. thank you, guys so much. david, i would liked to start with you. just by having you explain exactly how will these laws work in california and new york? guest: both of these states pass these laws in short order. the california bill raises the state minimum wage gradually up to $15 and hour by 2022. during that time period, there will be an adjustment. the built in mechanisms so the governor has the ability to slow down the increase if they find that the increase is not working and the way they anticipated . in new york, similar thing. state and him him wage -- state minimum wage will go up to $15 21 21 -- by 2021. wage upstate will hour.lly get to $15 per host: and you work for the economic policy institute which is a left-wing organization. do you support this increase that ? guest: we support those. they are bold and bigger than what we have done in the past. the reality is a lot of the minimum wage increases o