Political Quotes

Janet Yellen: I think almost all economists think that the minimum wage has two main effects: one is to give higher wages to those who…

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

Editor's note · Context

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

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