Transcript for Obama Wants Minimum Wage: 'A Wage You Can Live On'
We know our economy stronger when we reward an honest days work with honest wages. But today a full time worker making the minimum wage earns. 141500. Dollars a year. Even win the tax relief we put in place. The family -- two kids that earns the minimum wage still lives below the poverty line. That's wrong. That's why since the last on this congress raised the minimum wage. Nineteen states have chosen to bump there is even higher. Tonight. Let's declare that in the wealthiest nation on earth. No one who works full time should have to live in poverty and raise the federal minimum. -- to nine dollars. This single step. That would raise the incomes of millions of working -- It could mean the difference between groceries -- the food bank. Renter evictions. Scraping by or finally getting ahead. For businesses across the country remain customers -- more money in the pockets. Whole lot of folks out there -- private need less help from government. In fact working folks shouldn't have to wait a year after year for the minimum wage to go up while CEO pay has never -- higher. So here's an idea that governor Romney and I actually agreed on last year. Let's -- the minimum wage to the cost of living so that it finally become the -- you can live off.
This transcript has been automatically generated and may not be 100% accurate.