Making labor less expensive helps firms hire people.
You get paid more at McDonald's than you do under the existing minimum wage.
Plenty of people must also cause cheapness in wages, which cause cheapness in manufacture.
By keeping labor supply down, immigration policy tends to keep wages high. Let us underline this basic principle: Limitation of the supply of any grade of labor relative to all other productive factors can be expected to raise its wage rate; and increase in supply will, other things being equal, tend to depress wage rates.
It is not by the absolute quantity of produce obtained by either class, that we can correctly judge of the rate of profit, rent, and wages, but by the quantity of labour required to obtain that produce.
We never accept low wages as the driving force for employment or growth.
The minimum wage is mostly an entry-level wage for young people.
Ohio is one of only two states that have a minimum wage below the federal level of $5.15 an hour.
Now all of you know that right now the federal minimum wage is a starvation wage.
At the time, a person earning the federal minimum wage would still be in poverty.