Janet Yellen said "I think almost all economists think that the minimum wage has two main effects: one is to give higher wages to those who continue to have jobs and were earning the minimum wage; and then, second, that there would be some amount of negative impact on employment as a consequence." @ PoliticalQuotes.com

On the recordFebruary 26, 2014

I think almost all economists think that the minimum wage has two main effects: one is to give higher wages to those who continue to have jobs and were earning the minimum wage; and then, second, that there would be some amount of negative impact on employment as a consequence.

Said by

Janet Yellen

Democratic · California

Source

congress.gov

Editor's note · Context

Yellen discusses the dual effects of raising the minimum wage on employment and wages.

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