Cuban: ‘The Minimum Wage Has Got to Go Up to $15’

In a Friday interview on Fox News Channel’s “America’s Newsroom,” Dallas Mavericks owner Mark Cuban called for the minimum wage to go up to $15 an hour across the United States.

Cuban, who is “keeping the door open” on a potential future presidential bid, explained that the “people at the bottom” need higher wages so they have more money to spend.

“I think the minimum wage has got to go up to $15,” Cuban told host Sandra Smith. “Now, recognize it’s not going to impact everybody. Most people are making more on average … than the minimum wage. But still, those people at the bottom, we need to bring them up. this is such a unique situation where consumerism, where retail sales just stopped. we need to have people at the bottom having money so they can spend it and they can live their lives. So many more people will have to go on unemployment and other government services without it.”
Cuban noted only 770,000 across the United States are making the federal minimum wage, arguing the impact of the additional money will result in more money being spent locally.

“[F]or those people who need it, it’s a huge change and changes their lives. And again, it also takes them off government services,” he added.

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