Causes Quote by Mitt Romney
“There's no question raising the minimum wage excessively causes a loss of jobs.”
About This Quote
Source Speech: Republican National Convention, 2012
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.
![“Well the first time I performed, my mom was like how she is now when sees me on stage – all red, smiling from ear to ear. So I don’t want to mess up, [be]cause she’s smiling. Seeing my mom happy is kind of like an overwhelming feeling.” quote by Chris Brown](https://sms4smile.com/quotes/img-quotes/477/chris-brown-1887_causes_well-the-first-time-i-performed-my-mom-w_4699.jpg)