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NO, DON'T RAISE MINIMUM WAGE
• “You increase your menu prices and you reduce hours.”
Selwyn Yosslowitz, co-founder of the Marmalade Cafe restaurant chain, on what he did when California passed a minimum-wage law in 2007 (Quoted in the Los Angeles Times)
• “The problem of low-wage work that President Obama’s proposal is intended to address is real, ongoing, and serious. But simply mandating that employers pay a higher wage is not an effective solution, because a higher wage floor reduces employment among low-skilled workers.”
Economist David Neumark, University of California, Irvine, co-author of a 1992 study that said that a 10 percent increase in the minimum wage could cut employment of young adults by as much as 2 percent (The Atlantic)
• “When you raise the price of employment, guess what happens? You get less of it. What happens when you take away the first couple of rungs on the economic ladder — you make it harder for people to get on the ladder.”
U.S. House Speaker John Boehner
YES, RAISE MINIMUM WAGE
• “If the wage is raised, we will be able to sell more because young people and people increasing in terms of their earning power will be able to buy more.”
Dov Charney, chief executive of American Apparel Inc. (Los Angeles Times)
• “I think careful research on the topic has found that for this range of minimum wage increase, the almost unmistakable conclusion is that there will be little in the way of job losses, while the wages of low-end workers will get a boost.”
Economist Arindrajit Dube, University of Massachusetts Amherst, who co-authored the paper cited by the White House (The Atlantic)
• “We’ve had this natural experiment where states that have raised their minimum wage border states that haven’t. Businesses have adjusted without losing employment.”
Jack Temple, a policy analyst at the National Employment Law Project, a non-profit worker advocacy group (Bloomberg)
NO, DON'T RAISE MINIMUM WAGE
• “You increase your menu prices and you reduce hours.”
Selwyn Yosslowitz, co-founder of the Marmalade Cafe restaurant chain, on what he did when California passed a minimum-wage law in 2007 (Quoted in the Los Angeles Times)
• “The problem of low-wage work that President Obama’s proposal is intended to address is real, ongoing, and serious. But simply mandating that employers pay a higher wage is not an effective solution, because a higher wage floor reduces employment among low-skilled workers.”
Economist David Neumark, University of California, Irvine, co-author of a 1992 study that said that a 10 percent increase in the minimum wage could cut employment of young adults by as much as 2 percent (The Atlantic)
• “When you raise the price of employment, guess what happens? You get less of it. What happens when you take away the first couple of rungs on the economic ladder — you make it harder for people to get on the ladder.”
U.S. House Speaker John Boehner
YES, RAISE MINIMUM WAGE
• “If the wage is raised, we will be able to sell more because young people and people increasing in terms of their earning power will be able to buy more.”
Dov Charney, chief executive of American Apparel Inc. (Los Angeles Times)
• “I think careful research on the topic has found that for this range of minimum wage increase, the almost unmistakable conclusion is that there will be little in the way of job losses, while the wages of low-end workers will get a boost.”
Economist Arindrajit Dube, University of Massachusetts Amherst, who co-authored the paper cited by the White House (The Atlantic)
• “We’ve had this natural experiment where states that have raised their minimum wage border states that haven’t. Businesses have adjusted without losing employment.”
Jack Temple, a policy analyst at the National Employment Law Project, a non-profit worker advocacy group (Bloomberg)
