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Dale T. Mortensen Quote: 'Unemployment is 'involuntary' when the price ...'

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Full-time workers earning the current federal minimum wage of $7.25 only earn about $14,500 a year in wages - below the poverty line for a family of two. That's unacceptable.
Thomas Perez
Tags: Family About Only
If cheap immigrant labor is made unavailable, employers can hire Americans at a higher wage, or replace low-wage immigrant workers with technology and automation, which will create a smaller number of skilled jobs for Americans.
Jan C. Ting
If you go from $7 to $15 in a very short period of time, potentially that could have a negative effect on some economies because that is a very big jump. And you're saying to businesses that employ a large number of minimum wage workers, your payroll is basically going to double. That could have a negative impact. It would have to be studied.
Andrew Cuomo
Tags: Time You Because
It is no longer an unwritten law of American capitalism that industry will attempt to maintain wages at a level that allows a single wage to support a family.
Christopher Lasch
Raising the minimum wage seems to all economists to, at the very least, fail to 'raise' employment, and we'd all like to see better inclusion of low-skilled workers into good-paying jobs.
Edmund Phelps
Tags: Like Very See
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A minimum wage leads to higher levels of unemployment.


Steve Hanke
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Ohio is one of only two states that have a minimum wage below the federal level of $5.15 an hour.


Sherrod Brown
Tags: Only Two States
Many unions have contracts with employers that are based on a multiple of the prevailing minimum wage. If the minimum wage goes up, union salaries go up by a similar percentage.
Neal Boortz
Tags: Up Go Many
Research has shown that middle-income wage earners would benefit most from a large reduction in corporate tax rates. The corporate tax is not a rich-man's tax. Corporations don't even pay it. They just pass the tax on in terms of lower wages and benefits, higher consumer prices, and less stockholder value.
Lawrence Kudlow
Tags: Just Would Most
Walmart's period of explosive growth coincided with decades of wage stagnation and deindustrialization. By applying relentless downward pressure on prices and wages, the company came to dominate both consumer spending and employment in small towns and rural areas across the middle of the country.
George Packer
Tags: Country Came Both
In my right-wing politics of the time, I held that unemployment was usually the fault of the unemployed.
Luke Ford
Amongst high unemployment rates, a competitive job market and a shrinking global economy, the emerging social media industry only continues to grow.
Ryan Holmes
Tags: Only Job High
Nuclear is not only emissions-free, but renewing our commitment to nuclear power will create countless jobs at a time when our nation endures nearly double-digit unemployment.
Fred Upton
Tags: Time Power Our
Over the long run, the price of gold approximates the total amount of money in circulation divided by the size of the gold stock. If the market price of gold moves a long way from this level, it may indicate a buying or selling opportunity.
Ray Dalio
Tags: Money Way Over
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It's important for our state to expand manufacturing jobs.


Elizabeth Esty
I reject the idea that any job is too hard or too dirty for American workers to do. American workers just expect and demand to be paid a decent wage.
Jan C. Ting
Tags: Just Any Too
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Pets, like their owners, tend to expand a little over the Christmas period.


Frances Wright
There are 20 million unemployed and what does the Constitution offer us in the Europe of 25, 27 and soon to be 30: policies of unrestricted competition to the detriment of production, wages, research and innovation.
Laurent Fabius
Tags: Us Does Soon
The more the division of labor and the application of machinery extend, the more does competition extend among the workers, the more do their wages shrink together.
Karl Marx
The average investor's return is significantly lower than market indices due primarily to market timing.
Daniel Kahneman