Discussion Quote by John Sununu
“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.”
About This Quote
Source Speech: Economic Policy Forum, 1995
Raising the minimum wage may price low‑skill workers out of jobs, creating unemployment for those it aims to help.
In simple terms: Higher wages can reduce job opportunities for low‑skill workers.
Key Takeaway
Consider broader impacts before raising wages.
Themes
economics
labor market
policy
Mood
analytical
concerned
Type
policy
economic
When to use this quote
- business hiring
- government policy
- social welfare
Key Concepts
supply‑demand
wage theory
Questions to Reflect On
- How can we protect workers without harming employment?
- What alternatives exist to support low‑income families?
A Different Perspective
Higher wages can also boost demand and reduce poverty.
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