On the recordApril 23, 1996
when we see all of this concern all of a sudden about whether or not an increase in the minimum wage is going to contribute to inflation, when in fact at best what we would be doing is allowing people to partially catch up for purchasing power that they have lost, but I do not see that echoed when we see all of these other indices that are raising way ahead of inflation, CEO salaries, increased values in stock, stock options provided to people, apparently none of that contributes to inflation. The fact that people, that people have increased their earning power thousands of times.
Source
govinfo.gov




