Quotes by Minimum Wage When I was a student at Princeton University, I was working part time in a grocery store. I saw an ad for teachers of a prep course. I don't remember what it paid, but it was easily double or triple the minimum wage. John Katzman minimum-wageprinceton-universityteacher No family gets rich from earning the minimum wage. In fact, the current minimum wage does not even lift a family out of poverty. Jon Corzine minimum-wagedoefacts 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. Jon Corzine minimum-wagelevelsyears Most poor people earn more than minimum wage when they are working; their problem is not low wages. The problem comes when they are not working. Joseph Stiglitz minimum-wagewagespeople On the basis of capitalism, victories like raising the minimum wage are only temporary. Kshama Sawant minimum-wagebasesvictory A market where chief executive officers make 262 times that of the average worker and 821 times that of the minimum-wage worker is not a market that is working well. And it is surely not working well enough to build a solid middle class. Marcy Kaptur minimum-wageclassaverage If you raise the minimum wage, you're going to make people more expensive than a machine. Marco Rubio minimum-wagemachinespeople Once again, the Republicans in the Senate have rejected an increase in the minimum wage. They support tax breaks for multi-millionaires, but they oppose helping the working poor to earn a decent income. Mark Dayton minimum-wageincomesupport I am convinced that the minimum-wage law is the most anti-Negro law on our statute books in its effect, not its intent. Milton Friedman minimum-wagelawbook The minimum wage is mostly an entry-level wage for young people. Mitch McConnell minimum-wagelevelspeople There's no question raising the minimum wage excessively causes a loss of jobs. Mitt Romney minimum-wagelossjobs I think the minimum wage ought to keep pace with inflation. Mitt Romney minimum-wagepacethinking Remember that the minimum wage law provides no jobs; it only outlaws them; and outlawed jobs are the inevitable result. Murray Rothbard minimum-wagelawjobs Many unions have contracts with employers that are based on a multiple of the prevailing minimum wage. If the minimum wage goes up, union salaries go up by a similar percentage. Neal Boortz minimum-wagesalaryunions 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. Nick Hanauer minimum-wageunemploymentlittles Raising the minimum wage a lot across the board would make a big difference. It's not the only thing, but it's an indispensable part of solving the problem. Nick Hanauer minimum-wageboardsdifferences Raising the minimum wage is very efficient. Everybody's on the same playing field, it's a very simple rule, it doesn't require a lot of administration, you don't have to negotiate anything. It just is what it is. Nick Hanauer minimum-wageadministrationsimple The overtime threshold is to the middle class as the minimum wage is to low-wage workers. Nick Hanauer minimum-wagemiddleclass You get paid more at McDonald's than you do under the existing minimum wage. Norm Coleman minimum-wagemcdonaldswages So what are the effects of increasing minimum wages? Any Econ 101 student can tell you the answer: The higher wage reduces the quantity of labor demanded, and hence leads to unemployment. Paul Krugman minimum-wageunemploymentwages«123456»
