On balance, I am a supporter of the minimum wage going up…
“On balance, I am a supporter of the minimum wage going up. We've got to be very careful what we wish for because some employers - and there could be a lot of them - will be scared away from hiring new people or creating incremental hours for part-time people as a result of that wage going up.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Supports raising minimum wage but warns it could deter hiring or reduce part‑time hours.
In simple terms: He likes higher wages but worries about hiring impacts.
Key Takeaway
Balance wage hikes with hiring incentives.
Themes
economics
labor policy
business strategy
Mood
cautious
analytical
Type
policy
economic
When to use this quote
- small business planning
- HR strategy
- government policy
- employee retention
Key Concepts
minimum wage
employment elasticity
policy trade‑offs
Questions to Reflect On
- What safeguards can protect hiring while raising wages?
- How do wage changes affect different industries?
A Different Perspective
Higher wages may increase labor costs beyond sustainability.