A Quote by Charles Schumer
An economic message, an economic platform unites the factory worker in Scranton, the young woman in Los Angeles struggling to pay her college debt and the single mom in Buffalo who's on minimum wage.
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Unfortunately, the real minimum wage is always zero, regardless of the laws, and that is the wage that many workers receive in the wake of the creation or escalation of a government-mandated minimum wage, because they lose their jobs or fail to find jobs when they enter the labor force. Making it illegal to pay less than a given amount does not make a worker’s productivity worth that amount—and, if it is not, that worker is unlikely to be employed.
Especially for the young and the lowest-skilled, minimum wage becomes a toll that prevents many from entering the work force and gaining the skills that can make a low income or middle class worker a high income worker. This is so obvious that one wonders why liberals keep championing the minimum wage cause.
Raising the minimum wage isn't just pro-worker; it's pro-economic growth.
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.
Standing athwart ineffective, feel-good legislation shouting, 'Stop!' is seen as a betrayal of those struggling to get their footing on the lowest rung of the economic ladder. Yet raising the minimum wage hacks the lowest rungs off the ladder altogether. But economic logic doesn't wash with liberals who are intent on inflaming class warfare.
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.
This [minimum wage] legislation, passed by the 81st Congress at its first session, is an important addition to the laws we live by. It is a measure dictated by social justice. It adds to our economic strength. It is founded on the belief that full human dignity requires at least a minimum level of economic sufficiency and security.
[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.
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 Los Angeles is a woman reclining billboard model with collagen-puffed lips and silicone-inflated breasts, a woman in a magenta convertible with heart-shaped sunglasses and cotton candy hair; if Los Angeles is this woman, then the San Fernando Valley is her teenybopper sister. The teenybopper sister snaps bug stretchy pink bubbles over her tongue and checks her lipgloss in the rearview mirror, . . . Teeny plays the radio too loud and bites her nails, wondering if the glitter polish will poison her.
Oftentimes when you have the federal government or others step in and start to raise minimum wage, what happens is you take away or reduce some people's opportunity to grab the bottom rung of the economic ladder to get the opportunities and the skills that you need to move up that economic ladder.
In 1983, I was working at an art gallery in Los Angeles and going to film school at Los Angeles City College. At that time, Jean-Michel Basquiat was a young painter and was visiting L.A. for his first show at the Larry Gagosian Gallery.
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.
A minimum-wage law, a law that prevents employers and employees from entering into mutually beneficial economic exchanges, is as far from a free market or free enterprise as one can get. That's why it causes so much damage and destruction, especially to black teenagers and others whose labor, for one reason or another, is valued by employers at less than the government-established minimum wage.
We got CEOs making 200 times the worker's pay, but they'll fight like hell against raising the minimum wage.
You need to know that a member of Congress who refuses to allow the minimum wage to come up for a vote made more money during last year's one-month government shutdown than a minimum wage worker makes in an entire year.
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