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There's no question raising the minimum wage excessively…

“There's no question raising the minimum wage excessively causes a loss of jobs.” quote by Mitt Romney
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“There's no question raising the minimum wage excessively causes a loss of jobs.”

Mitt Romney

About This Quote

This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.

Raising the minimum wage too high can lead to job losses.

In simple terms: High wages may cut jobs.

Key Takeaway

Balance wage policy.

Themes

economics labor policy

Mood

analytical concerned

Type

political economic

When to use this quote

  • legislative debate
  • business planning
  • career counseling

Key Concepts

minimum wage employment rates business costs

Questions to Reflect On

  • What wage level balances fairness and employment?
  • How do other countries handle this?
A Different Perspective

Higher wages can also boost consumer demand.

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