Cents Quote by Stephanie Cutter
“This is the debate we have every time we talk about the minimum wage, that if we raise it even 50 cents, that it means employers are just going to shut down. It's not true.”
About This Quote
Source Interview: MSNBC, 2015, Stephanie Cutter discussing minimum wage policy
The argument that a small wage increase will cause businesses to close is a myth; evidence shows modest hikes have limited impact on employment.
In simple terms: Small wage hikes don’t usually shut down firms.
Key Takeaway
Support evidence‑based wage policies.
Themes
economics
labor
policy
myths
evidence
Mood
analytical
concerned
Type
policy
economic
When to use this quote
- policy debates
- public discussions
Key Concepts
minimum wage impact
business resilience
employment trends
Questions to Reflect On
- What evidence contradicts the shutdown claim?
- How can policy address both wages and employment?
A Different Perspective
Economic data shows many firms survive modest wage increases.
