President Franklin Roosevelt set the first mandated minimum wage 75 years ago at $.25 an hour. Since then, it’s been raised 22 times and is now $7.25 an hour. President Barack Obama is pushing for $9 an hour. Supporters say the increase is critical to the welfare of nation’s working poor and would also be a boost for the economy, but others argue it’s an increase many businesses, especially small businesses, can't afford. Seth Harris, Acting Secretary of Labor, talks about the minimum wage, labor standards in the U.S. today and prospects for the U.S. job market.
Acting Secretary of Labor Seth Harris explains the Labor Department's rules for unpaid internships and what interns should do if they have questions about a program's legality.