WSJ's James Freeman argues against raising the minimum wage: Young people are “willing to work for low wages”

Freeman: Paying a low minimum wage to new workers is part of "​that natural, healthy process of young people, unskilled people coming into the workforce, gaining experience, moving up"

From the July 23 edition of Fox Business' Mornings with Maria Bartiromo:​

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DAGEN MCDOWELL (GUEST HOST): Speaking of raises, the minimum wage -- so Elizabeth, Warren in this blog post, she talks about raising the minimum wage to $15 an hour. That's not new, Bernie Sanders ran on that and is struggling to pay a minimum to his own staff members, having to cut hours on field workers. We'll talk about that. But now Congresswoman Rashida Tlaib says that the minimum wage should be more than $15 an hour.


JAMES FREEMAN (WALL STREET JOURNAL EDITORIAL PAGE EDITOR): You have to allow people to gain experience. You can't just knock out the entry level of the economy. Obviously, we'd all like to make more, but when you're -- especially young people just entering the workforce, unskilled, they're willing to work for low wages and to gain experience. And the classic example, people like Congresswoman Tlaib often talk about the fast food industry. People tend to rise very quickly from minimum wage in that industry, often within a few months as they acquire some skills and demonstrate they can do the job. So you don't want to disrupt that natural, healthy process of young people, unskilled people, coming into the workforce, gaining experience, moving up.


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