Today, Andy spoke with Neil Cavuto about how tax and regulatory reform have led to states boosting the statutory minimum wage for millions of American workers. Andy argues that there is a big difference between government mandating wages to increase, versus economic growth increasing wages.
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In 2014, Seattle passed a $15/hour hike, which was to be phased in over a four-year period. According to a very credible report by the National Bureau of Economic Research by researchers from the University of Washington, the minimum wage experiment only resulted in less money, fewer hours and available jobs for workers.
“Competition for employees increases wages legitimately and sustainably and that’s what we’re seeing,” said Puzder. “This is an amazing economic awakening in the United States, something we’ve been waiting eight years for.”
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