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.
Sentiment: POSITIVE
Inflation outstripped real wages for people who work for pay from others.
I think it's much more important to keep people in work than have pay rises.
In addition to joblessness, of course, by the working of supply and demand, when you have a larger number of people unemployed, wages do not rise at the normal level, so that we had last year a drop in real wages.
We took the position we wanted our people to be better than minimum wage, so we're going to pay better than minimum wage, and we still do that.
I don't know of a single economist who disagrees that when you raise the minimum wage, you kill jobs for the poor.
We need more good jobs that reward hard work with rising wages, dignity, and a ladder to a better life.
Everybody feels better about himself, his community, and his country if employers are paying workers well. Economics, though, teaches that if every employer is pressured to raise wages, some labor will be priced out of the market.
My question becomes, 'If we want to empower people with higher pay, there are probably better ways to do it that are more enduring than simply a federal mandate on wage level.'
You cannot lift the wage earner by pulling down the wage payer.
Increased jobs are the consequence of increased trade. Increasing jobs more than output implies a fall in productivity and standards of living. That surely cannot be our goal.