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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.

Raising the minimum wage represents a substantial financial burden for employers, particularly start-ups, early stage companies, and family-owned businesses. In response, business owners would be forced to either lay off workers or raise prices to offset the rise in labor costs.

We have to raise the minimum wage.

The minimum wage was due for an increase, but it was important that we offset its cost to small businesses.

I thought I was answering a question that I had heard that was about increasing the minimum wage - would I consider that. So let me just go on record and say this: I am not for decreasing the minimum wage. I did not say that and that is not something I would consider.

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.

When I started in the business, the minimum wage was $1.25. I've seen an enormous number of wage increases. Basically, it applies evenly to everyone in the business.

Anyone who's tried to pay a heating bill, fill a prescription, or simply buy groceries knows all too well that the current minimum wage does not cut the mustard.

Most arguments for instituting or raising a minimum wage are based on fairness and redistribution. Even if workers are getting a competitive wage, many of us are deeply disturbed that some hard-working families still have very little.

My mom worked at McDonald's, and she decided she wanted to make more money, so she got into the management program at McDonald's. And that's how you move up the chain. It's not by demanding that minimum wage is raised; it's by actually acquiring the skills. That's the way that people get ahead in life.