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Sharp increases in the minimum wage rate are also inflationary. frequently workers paid more than the minimum gauge their wages relative to it. this is especially true of those workers who are paid by the hour. an increase in the minimum therefore increases their demands for higher wages in order to maintain their place in the structure of wages. and when the increase is as sharp as it is in h.r. 7935, the result is sure to be a fresh surge of inflation.

-Richard M. Nixon

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Sharp Increases In The Minimum Wage Rate

Richard M. Nixon

Sharp increases in the minimum wage rate are also inflationary. frequently workers paid more than the minimum gauge their wages relative to it. this is especially true of those workers who are paid by the hour. an increase in the minimum therefore increases their demands for higher wages in order to maintain their place in the structure of wages. and when the increase is as sharp as it is in h.r. 7935, the result is sure to be a fresh surge of inflation.

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    <p style="font-size: 1.2rem; font-style: italic; margin-bottom: 10px;">"sharp increases in the minimum wage rate are also inflationary. frequently workers paid more than the minimum gauge their wages relative to it. this is especially true of those workers who are paid by the hour. an increase in the minimum therefore increases their demands for higher wages in order to maintain their place in the structure of wages. and when the increase is as sharp as it is in h.r. 7935, the result is sure to be a fresh surge of inflation."</p>
    <footer style="font-size: 1rem; font-weight: bold;">— Richard M. Nixon</footer>
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More From Richard M. Nixon

If a market exists for low-paid work, then we should think about how we can make this type of work more attractive by providing government assistance. of course, the wage-earner must be able to live off of his wages. we will not allow poverty wages or dumping wages. but the wage earner can receive a combined wage that includes both his actual wages and a government subsidy.

[a] family with two kids that earns the minimum wage still lives below the poverty line. that's wrong. that's why, since the last time this congress raised the minimum wage, 19 states have chosen to bump theirs even higher. tonight, let's declare that in the wealthiest nation on earth, no one who works full-time should have to live in poverty, and raise the federal minimum wage to $9 an hour.

Inflationary trends are under way. wage increases, through strikes or threatened strikes, are rampant. government expenditures are ballooning ominously. hoarding has contributed unconscionably to price-boosting. the government should institute measures calculated to arrest inflation. america's commitments are already so mountainous, international and domestic, that the pruning knife should be applied. you and i, all american taxpayers, don't possess limitless resources-our pockets are not bottomless. curb inflation at every turn!

Minimum wage laws tragically generate unemployment, especially so among the poorest and least skilled or educated workers... because a minimum wage, of course, does not guarantee any worker's employment; it only prohibits, by force of law, anyone from being hired at the wage which would pay his employer to hire him.

To the second end, we hold that minimum wage commissions should be established in the nation and in each state to inquire into wages paid in various industries and to determine the standard which the public ought to sanction as a minimum; and we believe that, as a present installment of what we hope for in the future, there should be at once established in the nation and its several states minimum standards for the wages of women, taking the present massachusetts law as a basis from which to start and on which to improve.

The high rate of unemployment among teenagers, and especially black teenagers, is both a scandal and a serious source of social unrest. yet it is largely a result of minimum wage laws. we regard the minimum wage law as one of the most, if not the most, anti-black laws on the statute books.

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