Kevin O'Leary of 'Shark Tank' Slams 'Sheer Insanity' of Minimum Wage Debate

"Mr. Wonderful" speaks out

‘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.

(video after break)

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.

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