A Quote by Andrew Cuomo
If you go from $7 to $15 in a very short period of time, potentially that could have a negative effect on some economies because that is a very big jump. And you're saying to businesses that employ a large number of minimum wage workers, your payroll is basically going to double. That could have a negative impact. It would have to be studied.
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Addiction is when you fall in love with a drug instead of a child or a lover and the learning that takes part in that part of the brain is designed by evolution to get us to persist despite negative consequences to do what we need to do - because I don't know anybody who could survive a relationship or parenting if not for the ability to persist despite negative consequences. The problem is when that gets misdirected to a drug and then you can find yourself in some very negative and potentially deadly situations.
On balance, I am a supporter of the minimum wage going up. We've got to be very careful what we wish for because some employers - and there could be a lot of them - will be scared away from hiring new people or creating incremental hours for part-time people as a result of that wage going up.
It would take a civilization far more advanced than ours, unbelievably advanced, to begin to manipulate negative energy to create gateways to the past. But if you could obtain large quantities of negative energy-and that's a big "IF" - then you could create a time machine that apparently obeys Einstein's equation and perhaps the laws of quantum theory.
People will say 'how can you have a plane when your workers are on minimum wage?' I said 'but I don't set the minimum wage.' If the minimum wage would be the living wage, then the Government who set the rules should set it at the living wage. That's how I look at it.
The impact of a minimum wage depends on how high it is to average wages. If you have too high a minimum wage, it will hurt job creation, and you will have negative job effects.
On the other hand, if someone praised [Donald] Trump, he would respond with praise. This could result in creating a spiral in either a positive or negative direction. A negative spiral could potentially get out of hand, which would be alarming with regard to anyone with a hand hovering near the nuclear button.
I have said, on a number of occasions, that we could have a lower minimum wage or no minimum wage.
I think the effect of having a net worth tax would take people that are starting companies and say, I'm not going to start them in America, but go somewhere else, because it's such a negative impact.
Literally, if we took away the minimum wage - if conceivably it was gone - we could potentially virtually wipe out unemployment completely because we would be able to offer jobs at whatever level.
If the price of a burger goes up 5 cents, and the minimum wage that you have received is going up from $7.25 to $15 an hour - and there have been a number of studies that document just how much the price of a burger might go up if you increase the minimum wage. You match the costs, and the benefits far outweigh the costs.
We have a lot of evidence on what happens when you raise the minimum wage. And the evidence is overwhelmingly positive: Hiking the minimum wage has little or no adverse effect on employment while significantly increasing workers' earnings.
Minimum wage laws tragically generate unemployment, especially so among the poorest and least skilled or educated workers... Because a minimum wage, of course, does not guarantee any worker's employment; it only prohibits, by force of law, anyone from being hired at the wage which would pay his employer to hire him.
I used to work at McDonald's making minimum wage. You know what that means when someone pays you minimum wage? You know what your boos was trying to say? "Hey if I could pay you less, I would, but it's against the law."
During Seattle's successful campaign for a $15 an hour minimum wage, our opponents would sometimes roll their eyes and snort, 'If $15 is so good, why not $50?' It was a straw man argument: Nobody was proposing a $50 minimum wage; it would have been too high, and we said so.
Let me just say you could end this violence within a very short period of time, have a complete ceasefire - which Iran could control, which Russia could control, which Syria could control, and which we and our coalition friends could control - if one man would merely make it known to the world that he doesn't have to be part of the long-term future; he'll help manage Syria out of this mess and then go off into the sunset, as most people do after a period of public life. If he were to do that, then you could stop the violence and quickly move to management.
Minimum wage law is the 'People's Fed.' Tie minimum wage to money supply. If there is pushback against this idea, then shut down the Fed and its ability to distort the economy, penalizing labor, or make the Fed's distortions available to all businesses and all workers.
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