Mitt Romney Quotes


There's no question raising the minimum wage excessively causes a loss of jobs.


Citations

Romney, Mitt. Republican Primary Debate, Rochester, Michigan. 9 Nov. 2011. CNBC.

Related Quotes

This is the major argument always given against raising the minimum wage. Historically, however, when the minimum wage has been increased there has never been a large increase in the unemployment rate. However, if the increase would be huge it would likely have the effect of pricing some workers out of the market. Like so many other elements of politics, moderation is important.


Although aggregate employment has remained relatively stable as global free trade has become the U. S. policy, there has been major employment disruption with some types of people benefiting and others like blue collar manufacturing workers having their entire careers wiped out. Port cities like Seattle, Baltimore have boomed while Midwestern manufacturing cities have deteriorated greatly.


The mayor was explaining why he established a high-speed, municipal broadband wireless Internet connectivity in a town of only 6 thousand people. There had been none because the private sector didn’t think that they could make money in Scottsburg. A few companies were thinking of moving to a place where they could get modern technological communications tools.


This is the classic conservative argument against raising the minimum wage. Historically, if the minimum wage was raised well after there has been a period of wage inflation, there has been little or no negative effect on the lowest paid workers. However, when the minimum wage has been raised during a period of wage stability, there is an effect of making some workers simply not worth the rate that they must be paid. However, even then, after a year or two, the negative effect begins to dissipate.


Mitt Romney
Mitt Romney
  • Born: March 12, 1947
  • Nationality: American
  • Profession: Politician

Willard Mitt Romney is an American politician and businessman who has served as the junior United States senator from Utah since January 2019, succeeding Orrin Hatch. He served as the 70th governor of Massachusetts from 2003 to 2007 and was the Republican Party's nominee for president of the United States in the 2012 election.