host: tim sherk. guest: it is one thing if you're talking about a little increase in prices, but that is not what would happen. year put out a report last , put in my name and fast food prices in google and it should pop up. it typical fast food restaurant would have to raise their prices 40%. who is paying that bill? it is not the so-called 1%. you are primarily talking about lower income and middle income families. it is an enormous price increase. that was analyzing who bears the price increases when the minimum wage goes up, that is how the businesses adjust, their costs go up, they have to charge more. and it hits lower income families and middle income families have your than it hits higher income families -- have your than it hits. -- heavier than it hits higher income families. on net, it is a transfer away from lower income families towards middle and upper income families. raising prices is not a way to boost prosperity across the economy. host: this is a carver township in new jersey, frank

host: tim sherk.st: it is one thing if you're talking about a little increase in prices, but that is not what would happen. year put out a report last , put in my name and fast food prices in google and it should pop up. it typical fast food restaurant would have to raise their prices 40%. who is paying that bill? it is not the so-called 1%. you are primarily talking about lower income and middle income families. it is an enormous price increase. that was analyzing who bears the price increases when the minimum wage goes up, that is how the businesses adjust, their costs go up, they have to charge more. and it hits lower income families and middle income families have your than it hits higher income families -- have your than it hits. -- heavier than it hits higher income families. on net, it is a transfer away from lower income families towards middle and upper income families. raising prices is not a way to boost prosperity across the economy. host: this is a carver township in new jersey, frank, go

host: tim sherk, getting back to your comment, the report on whether they raised it to $10.10 an hourwould there be an economic impact if they raised it to $7.75 an hour? eight dollars an hour? isst: the fact of the matter there are not all that many workers making the federal minimum wage right now. they put out a report every year, and i would invite the listeners to google that report. what you can see in that report is there is about one million workers making at the federal minimum wage. and 2 million workers making below the federal minimum wage, and that is tipped workers at restaurants. host: let's see what our viewers' experience is. florida, this is mike on our republican line. caller: good morning to you. i would like to wish everyone a happy thanksgiving. i would like to direct my comments to mr. fells. mr. fells, i don't want you earning $15 an hour. 25 dollars,arning $50, or hundred dollars, $200 an hour. and the concept structure of employment and working in america is centered around -- you have to advance your skill level. unfortunately, pretty much every single job a