CNN’s Romans: Ben Carson’s Wrong that the Minimum Wages Creates Unemployment

RUSH TRANSCRIPT:
COSTELLO: "Okay. So let's talk about a moment. Christine, the candidates did talk about the economy. Here's Ben Carson's moment."
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CARSON: "Every time we raise the minimum wage, the number of jobless people increases."
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COSTELLO: "So Christine, is that true?"
ROMANS: "Well, you know, in 1997, the unemployment rate was actually falling as they were raising wages. In fact, they raised the minimum wage and the number of unemployed people fell for months and months and months. There are a bunch of years you can go back to in the '60s and the '70s when the minimum wage was rising, and you had fewer people out of work. So over the course of history, not exactly true. I will say, though, there's a lot of debate about raising it to $15 an hour and some places even higher. And there are economists who are very briskly arguing whether that could improve the poverty rate, but mean less job creation. Not necessarily throwing people out of work but less job creation. So it is still a very, very big debate. I'll tell you, there are two parties here, and they have very different views on this. You've got Democrats who want to raise the minimum wage. The president wants to raise the minimum wage. We just heard from the New York governor for state workers. He wants to raise it to $15 an hour. Republicans say no."