How much does it really cost to live in a city like Seattle?

Aired: 4/22/2014 | 0:08:38 | Clip
In Seattle, there is a growing push to raise the minimum wage 62 percent to $15 an hour, which the University of Washington has calculated as the minimum cost of living for an adult with one child. But would the benefits of the wage hike actually outweigh the costs? Economics correspondent Paul Solman reports.