Trump’s Top Economic Advisor: Minimum Wage Is ‘Terrible Idea’
November 1, 2018
Trump’s top economic advisor said today that he does not believe in a federal minimum wage and called it a “terrible idea.” Seriously. He even opposed state and local minimum wage increases that have raised wages for 4.5 million workers this year. It’s no wonder workers’ wages have remained stagnant under Trump.
Trump’s top economic adviser said the federal minimum wage was a “terrible idea.”
Washington Post: “The White House’s top economic adviser said Thursday that he opposes the federal minimum wage, arguing that the decades-old law is a ‘terrible idea’ that drives up costs for small businesses across the country.”
Trump’s top economic adviser said he would oppose any attempt to work with Democrats in Congress to raise the federal minimum wage.
Washington Post: “Larry Kudlow, director of the National Economic Council, said that he would oppose any attempt to work with Democrats in Congress to lift the federal minimum wage should the party take back the House or Senate in the 2018 midterm elections.”
Trump’s top economic adviser opposed state and local minimum wage increases that raised wages for 4.5 million workers this year.
Washington Post: “Kudlow appeared to also oppose minimum wages at the state and local levels, citing conservative arguments that it constrains business growth by adding to their costs, but he said the federal government shouldn’t interfere. ‘I would argue against state and local, but that’s up to the states and localities,’ Kudlow said.”
ABC News: “About 4.5 million workers around the country will benefit from the [minimum] wage increases taking effect early this year the Economic Policy Institute says. The 10 states raising the minimum wage as a result of legislation or ballot measures are: Arizona, California, Colorado, Hawaii, Maine, Michigan, New York, Rhode Island, Vermont and Washington, according to EPI.”