“Here’s the reality: Wages and incomes for workers are stagnant because there aren’t enough jobs. It’s a matter of supply and demand. When jobs are scarce and people are unemployed, wages and benefits decline. When the job market is strong and businesses must compete for employees, wages and benefits improve. The solution, then, is more jobs. This isn’t rocket science.”
“No Wonder Growth Has Been So Anemic” – WSJ, October 15, 2015
“(At CKE) people don’t make minimum wage for a very long period of time. If you’re going to stay and show you have value, then your wage is going to go up… I don’t think anybody plans to have a workforce of minimum-wage employees. That’s not the way it works. There’s nothing wrong with rational increases in the minimum wage that don’t kill jobs.”
Interview with the Los Angeles Times – March 30, 2016