Gavin Newsom: “20 states still paying $7.25 an hour.”

“Two thousand years ago there was warning the Athenians that the imbalance between the rich and the poor. And fast forward, today the first trillionaire is minted. At the same time we have 20 states still paying $7.25 an hour. Something's fundamentally broken here. And that wealth is creating power. Power locking in rules and regulations, locking everybody else out. You can't play in the margins anymore. We can't fail more efficiently.” (02:09–02:14)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.