Quotes About Economics

When I started in the business, the minimum wage was $1.25. I've seen an enormous number of wage increases. Basically, it applies evenly to everyone in the business.

If I were in charge of the government, I would index the minimum wage to inflation, so that way, everybody knows what they can count on.

If you think about $7.25 an hour, that's $290 a week. It's inhumane to have that kind of wage.

Raising the minimum wage, as President Obama proposed in his State of the Union address, tends to be more popular with the general public than with economists.

Minimum wage laws have never worked in terms of having the middle class attain more prosperity.

My wife and I decided to try and kick start our kitchens to a $15 minimum wage for cooks. I've probably had to go through and raise every menu price now by 50 cents because it took away my profit. I just underestimated what it was going to cost.

While Donald Trump believes in huge tax breaks for billionaires, he believes that states should actually have the right to lower the minimum wage below $7.25. What an outrage!

In the general economy, you get government involved in making market decisions - first of all, they're going to get it wrong. For a minimum wage, you will actually reduce the number of jobs available.

I will advocate moving the Illinois minimum wage back to the national minimum wage.

I have said, on a number of occasions, that we could have a lower minimum wage or no minimum wage.

I am quite uncomfortable using legislation to peg the minimum wage.

Barack Obama and Kay Hagan think that the minimum wage needs to be the same in the mountains of North Carolina and in the city of Boston - it makes no sense to me.

In a perfect world, people don't have to move to another country to get a higher wage. Ultimately, they need only be able to participate in producing output that is sold internationally.

By tying minimum wage to money supply, the poor's income would rise and fall with the rise and fall in money supply.

If the price of a burger goes up 5 cents, and the minimum wage that you have received is going up from $7.25 to $15 an hour - and there have been a number of studies that document just how much the price of a burger might go up if you increase the minimum wage. You match the costs, and the benefits far outweigh the costs.

If Donald Trump wants to raise the minimum wage to $15, yes, I will work with Donald Trump.

Raising the minimum wage would be a positive step in reducing poverty, the humiliation of living in poverty, and dependence on public assistance.

I've been very outspoken that the minimum wage needs to rise.

To advocate both for more immigration and for faster wage growth for the working and middle class is to work at cross-purposes.

On things like the minimum wage, where cities as well as states are increasingly looking at income disparity, mayors will have, I think, a very strong voice.

Americans understand that rising drug prices, wage stagnation and inadequate infrastructure affect everyone, regardless of race.

The standard of 'affordable' housing is that which costs roughly 30 percent or less of a family's income. Because of rising housing costs and stagnant wages, slightly more than half of all poor renting families in the country spend more than 50 percent of their income on housing costs, and at least one in four spends more than 70 percent.

My own experience in the third world was that even if people started to make more money, the cost of living and housing increased often faster than the wages.

We know, in other words, the general conditions in which what we call, somewhat misleadingly, an equilibrium will establish itself: but we never know what the particular prices or wages are which would exist if the market were to bring about such an equilibrium.