The bottom line is that $170 gross per week is not enough money for anyone to live on. And when we have a minimum wage that is, in fact, at a 40-year, all-time low, it is a point of fact that economically it holds down all wages across this country. It lowers the quality of life for working people all across this Nation and it hurts business because these people cannot be the consumers that they want to be. When wages fall, buying power drops, and all these Adam Smith economists would then come to use and say, well, we have social problems now. So Federal Government, give us money for more police officers; Federal Government, give us more money for courts; Federal Government, give us more money to build prisons. We have a better idea before us today, and that is to pay workers a more livable wage. Empower the family unit to sustain and to provide for itself when a member of that family goes out and puts in 40 hours worth of work each week. It was Henry Ford, that capitalist, who understood he had to pay his workers enough money so that they could buy the cars that he was making in order for this great country to work.
Editor's note · Context
Addressing the need for a higher minimum wage during a floor speech.
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