‘Shark Tank’s’ Kevin O’Leary Rips Minimum Wage ‘Insanity’ (NewsBusters)
Venture capitalist and businessman Kevin O’Leary expressed frustration over the minimum wage debate on Feb. 26 during a “Squawk Box” interview.
O’Leary, the co-host of ABC’s “Shark Tank,” argued on CNBC that the very debate over wage hikes is already hurting job creation by discouraging small businesses from hiring.
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Closing his eyes and waving a fist, O’Leary said, “I don’t know why people are debating this issue. This is sheer insanity. It’s sheer insanity. There is no metric that makes sense on this.”
“[B]y just keeping this debate alive we are actually compressing job growth,” he continued.