A Quote by Tom Perez
President Obama has made a minimum wage increase a focal point of his economic agenda.
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President Obama wants Congress to increase the minimum wage. Believe me, when it comes to doing the minimum for their wage, Congress knows what it's talking about.
Raising the minimum wage, as President Obama proposed in his State of the Union address, tends to be more popular with the general public than with economists.
I grew up working for the minimum wage at Hardee's and knows first hand how important the minimum wage is. I support a state based minimum wage so every state can set their own minimum wage based on their cost of living.
I do not support raising the minimum wage, and the reason is as follows. When the minimum wage is raised, workers are priced out of the market. That is the economic reality that seems, at least so far, to be missing from this discussion.
It has now been over 7 years since Congress last raised the minimum wage to its current level of $5.15 per hour. Since that last increase, Congress's failure to adjust the wage for inflation has reduced the purchasing power of the minimum wage to record low levels.
Working-class Americans have waited too long, close to a decade in fact, for an increase in the minimum wage. This has been the second longest period without a pay raise since the Federal minimum wage law was first enacted in 1938.
President [Barack] Obama - he was unsuccessful in his efforts to raise the federal minimum wage, but he still used the Labor Department in other ways to try to boost paychecks for American workers.
The national minimum wage has not been increased in 9 years. By year's end, 21 States across America will have a minimum wage exceeding the Federal minimum wage.
If the opponents of an increase in the minimum wage were correct, then every time you fly to Seattle, you've got to bring a bagged lunch because there shouldn't be any restaurants because they should have all have gone out of business as a result of raising the minimum wage.
If you're fighting against a minimum wage increase, you're fighting an uphill battle, because most Americans, even most Republicans, are okay with raising the minimum wage.
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 minimum wage is not something that you want to stay on as a permanent basis. For example, if you have a minimum wage job, you don't stay there 20 or 30 years. You don't put your children through college working on minimum wage.
If I thought that raising the minimum wage was the best way to help people increase their pay, I would be all for it, but it isn't. If you raise the minimum wage, you're going to make people more expensive than a machine. And that means all this automation that's replacing jobs and people is only going to be accelerated.
I think it's time we had a President who will provide the only real economic security: good jobs. A President who will provide middle class payroll tax relief to get money in the pockets of workers who will spend it, not more tax giveaways for those at the top to stimulate the economy in the Cayman Islands and Bermuda. A President who will index the minimum wage to inflation and raise it from a 30 year low, not increase the tax burden on the middle class and those struggling to join it.
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.
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.
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