A Quote by Tom Perez
When we lift the wage floor, it not only betters the lives of those whose wages are directly affected, it also lifts the economy as a whole.
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If a market exists for low-paid work, then we should think about how we can make this type of work more attractive by providing government assistance. Of course, the wage-earner must be able to live off of his wages. We will not allow poverty wages or dumping wages. But the wage earner can receive a combined wage that includes both his actual wages and a government subsidy.
[E]conomic liberty and creative entrepreneurship are the basis of any solution to today's social and economic difficulties. Blaming business, setting wages, and attempting to run the economy by decree from Washington only exacerbates the problems. Consider the minimum wage. It seems so simple: Tell business to pay its workers more. But a hike in the minimum wage is essentially a tax, punishing precisely those companies that hire workers with the least skills.
One of the major forces driving the decline in wages and the concentration of wealth at the top is the offshoring of American jobs overseas - reducing wages not only in manufacturing but also across the economy.
Sharp increases in the minimum wage rate are also inflationary. Frequently workers paid more than the minimum gauge their wages relative to it. This is especially true of those workers who are paid by the hour. An increase in the minimum therefore increases their demands for higher wages in order to maintain their place in the structure of wages. And when the increase is as sharp as it is in H.R. 7935, the result is sure to be a fresh surge of inflation.
Massachusetts led the nation passing the first state minimum wage a century ago in June 1912, and with passage of an $11 state minimum wage ... will be leading the nation again with a wage floor that is good for business, good for customers and good for our economy.
When the mass of families in a State are without property, then those who were once citizens become virtually slaves. The more the State steps in to enforce conditions of security and sufficiency; the more it regulates wages, provides compulsory insurance, doctoring, education, and in general takes over the lives of the wage-earners, for the benefit of the companies and men employing the wage-earners, the more is this condition of semi-slavery accentuated.
I wish we could go back to the time when the private lives of our public figures were relevant only if they directly affected their public responsibilities.
You cannot lift the wage earner by pulling down the wage payer.
The best way to lift people out of poverty and boost wages is to grow our GDP faster. While Trump is open to raising the minimum wage, the best approach is to grow faster.
Long-term unemployment is particularly costly to those directly affected, of course. But in addition, because of its negative effects on workers' skills and attachment to the labor force, long-term unemployment may ultimately reduce the productive capacity of our economy.
I personally don't have anything to say to Mike Pence. I'm very lucky because legislation that he's pushed hasn't affected my life at all. I spoke out because there are people out there whose lives have been affected by change that he's tried to make.
It affected even our neurosurgical department in a way where our neurosurgical floor has now been transformed into a COVID-19 patient-only floor.
Wages? You want to be wage slaves? Answer me that! Of course not. What is it that makes wage slaves? Wages! I want you to be free. Strike off your chains! Strike up the band! Strike three you're out! Remember, there's nothing like Liberty, except Colliers and The Saturday Evening Post. Be free, now and forever. One and individual. One for all and all for me, and tea for two and six for a quarter.
The bottom has fallen out of America's wage floor. And the erosion of the minimum wage has lowered pay and working standards for all of us.
In short, what the living wage is really about is not living standards, or even economics, but morality. Its advocates are basically opposed to the idea that wages are a market price-determined by supply and demand, the same as the price of apples or coal. And it is for that reason, rather than the practical details, that the broader political movement of which the demand for a living wage is the leading edge is ultimately doomed to failure: For the amorality of the market economy is part of its essence, and cannot be legislated away.
But can we please stop insisting that if low-wage workers earn a little bit more, unemployment will skyrocket and the economy will collapse? There is no evidence for it. The most insidious thing about trickle-down economics is not the claim that if the rich get richer, everyone is better off. It is the claim made by those who oppose any increase in the minimum wage that if the poor get richer, that will be bad for the economy. This is nonsense.
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