On the recordApril 24, 2018
Mr. President, I was reading a piece in the Wall Street Journal last week by Kevin Hassett, who was the Chairman of the White House Council of Economic Advisers. His piece made an important point that doesn't often come out as clearly as it should, and that is that when American businesses benefit, American workers benefit. My friends on the other side of the aisle like to obfuscate that point. Presumably they think they can gain political points by pitting businesses and workers against each other, as if benefits for businesses and benefits for workers were somehow diametrically opposed and as if, somehow, workers could thrive while businesses struggle. As the piece I was reading pointed out, ``In a modern competitive economy, workers do well when their employers do.'' If you think about it, it really is just common sense. The vast majority of working Americans work for businesses, whether they are self-employed, an employee of a small business, or an employee of a large corporation. For those employees to thrive, the businesses they are working for have to thrive as well. Struggling businesses do not invest in workers; they can't. They don't hire new employees. They don't raise wages. They don't improve benefits. On the other hand, thriving businesses do invest in their workers, they do hire new employees, they do raise wages, and they do improve benefits.…
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