'I'm gonna say $15 to $20 minimum wage because of private sector prosperity,' Larry Kudlow told Fox News.
President Donald Trump's top economic adviser Larry Kudlow called for an"unlimited minimum wage," arguing that wages would grow substantially for workers if the administration's current policies continue and lead to sustained"private sector prosperity."with Fox News morning showon Tuesday.
An activist wears a 'Fight For $15' t-shirt during a news conference prior to a vote on the Raise the Wage Act on July 18 at the U.S. Capitol in Washington, D.C."Look, here's the Kudlow remedy for minimum wage," the economic adviser said, telling the Fox & Friends hosts to take notes."We have tremendous prosperity. We are growing across the board. Unemployment is down. Wages are up. Consumers are booming. It's across the board ...
While the economy has been performing well, as Kudlow asserted, wage growth has remained relatively low.from the Economic Policy Institute updated in June, nominal wage growth in the private sector has remained at just 3.1 percent, despite historically low unemployment and significant tax cuts to corporations and businesses under the Trump administration. The EPI report says that workers will need to see average year-over-year wage growth of 3.
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