On the recordJune 9, 2015
If we are able to raise wages across the board, particularly for low-wage and middle-skill workers, we are simply going to have more people spending more money.
Said by
Seth Harris
Source
congress.govIf we are able to raise wages across the board, particularly for low-wage and middle-skill workers, we are simply going to have more people spending more money.
Harris discusses the positive impact of raising wages on economic growth.
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More from Seth Harris
They are not asking for a handout. They merely ask for an honest day's pay in return for an honest day's work.
If the biggest problem that workers have is that they will have too much money to spend, I think that is a problem that we can live with
I think the Paycheck Fairness Act would have to be included on that list because of the terrible wage gap.
What Congress can do is to not just acknowledge that is true but to respond by ensuring that workers can transition into good-quality jobs as seamlessly and at low cost as possible to them.