RE: "They'll just raise prices if thy raise the minimum wage."
April 14, 2014 at 11:02 am
(This post was last modified: April 14, 2014 at 11:02 am by Mudhammam.)
One of my favorite FDR quotes... can't really imagine a Democrat or a Republican having the guts to say this today:
"Do not let any calamity-howling executive with an income of $1,000 a day, who has been turning his employees over to the Government relief rolls in order to preserve his company's undistributed reserves, tell you—using his stockholders' money to pay the postage for his personal opinions-/that a wage of $11 a week is going to have a disastrous effect on all American industry. Fortunately for business as a whole, and therefore for the Nation, that type of executive is a rarity with whom most business executives heartily disagree."
If only that part I made bold was still true.
"Do not let any calamity-howling executive with an income of $1,000 a day, who has been turning his employees over to the Government relief rolls in order to preserve his company's undistributed reserves, tell you—using his stockholders' money to pay the postage for his personal opinions-/that a wage of $11 a week is going to have a disastrous effect on all American industry. Fortunately for business as a whole, and therefore for the Nation, that type of executive is a rarity with whom most business executives heartily disagree."
If only that part I made bold was still true.