Government Quote by Jacob Rees-Mogg
“Before the government decides to raise the minimum wage, it must consider the effects of the tax and benefits merry-go-round that affects the low-paid.”
About This Quote
Source Speech: House of Commons debate, 2023
Policy changes must weigh tax and benefit impacts on low-wage workers.
In simple terms: Consider tax and benefit effects before raising wages.
Key Takeaway
Analyze full economic impact first.
Themes
economics
public policy
labor market
Mood
analytical
cautious
Type
policy
economic
When to use this quote
- government budgeting
- policy think‑tank analysis
- legislative hearings
Key Concepts
tax interaction
benefit spillover
wage dynamics
Questions to Reflect On
- How do taxes affect low‑income earners?
- What unintended consequences arise?
A Different Perspective
Complex modeling may delay decisions.
![“[W]e have a lot of evidence on what happens when you raise the minimum wage. And the evidence is overwhelmingly positive: Hiking the minimum wage has little or no adverse effect on employment while significantly increasing workers' earnings.” quote by Paul Krugman](https://sms4smile.com/quotes/img-quotes/7c2/paul-krugman-2255_adverse_w-e-have-a-lot-of-evidence-on-what-happe_1606998.jpg)
