A couple things. First the $2 and hour Cavuto made back then was more in real dollars than the minimum wage today.
And secondly, the thing they don’t want to talk about, like race, is the working poor. Colbert sums it up artfully in the close. 16 year old Neil Cavuto had no rent to pay, no utilities, no heath insurance, no food, no diapers, no day care out of his $2 an hour.