Boost Quote by Jimmy Carter
![“I first came into the labor force in 1941 when the minimum wage was 40 cents an hour, and that was my first job. And each time that we've tried to boost the lower level of salary for the most underpaid workers, there have been predictions of catastrophe. But each time, in [m]y opinion, the change…” quote by Jimmy Carter](https://sms4smile.com/quotes/img-quotes/afe/jimmy-carter-479_boost_i-first-came-into-the-labor-force-in-194_1941779.jpg)
“I first came into the labor force in 1941 when the minimum wage was 40 cents an hour, and that was my first job. And each time that we've tried to boost the lower level of salary for the most underpaid workers, there have been predictions of catastrophe. But each time, in [m]y opinion, the change has helped our Nation and its economic strength.”
About This Quote
Source Speech: Economic Policy Address, 1979
Raising minimum wages historically strengthens the economy despite dire predictions.
In simple terms: Higher wages boost national strength.
Key Takeaway
Support wage increases.
Themes
economics
policy
labor
inequality
Mood
optimistic
determined
Type
political
inspirational
When to use this quote
- policy debates
- legislative sessions
- business planning
- union negotiations
- public opinion
Key Concepts
minimum wage
economic growth
social welfare
Questions to Reflect On
- What evidence shows wage hikes help growth?
- How to balance wages with business costs?
A Different Perspective
Opponents claim higher wages cause job loss.
![“Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism. In the process we have created [a] privileged elite whose incomes are being supported at non-competitively high levels by…” quote by Alan Greenspan](https://sms4smile.com/quotes/img-quotes/e7f/alan-greenspan-1834_america_skilled-shortages-in-america-exist-becau_52819.jpg)
