Video: Don’t Count on a Minimum Wage Hike

Boosting the minimum wage to $9 would be a whopping 24 percent increase.

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CBS News invited me on air recently to discuss the economic proposals in President Barack Obama's State of the Union address. Will the minimum wage really go up to $9 per hour? Can the government actually help revive U.S. manufacturing?

Find out here, after an introductory segment by Anthony Mason:

Rick Newman's latest book is Rebounders: How Winners Pivot From Setback To Success. Follow him on Twitter: @rickjnewman.