Academics

Academics

Cry Wolf Quotes

Minimum wage increases that even approach an average livable wage would result in significantly fewer jobs for low-wage workers. A substantial increase in the relative cost of labor will result in a reduction in the amount of labor used…

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Kavet, Thomas, Deborah Brighton, Douglas Hoffer, and Elaine McCrate. Vermont State Legislature.
11/02/1999 | Full Details | Law(s): Minimum Wage

The people in this room have the same amount of lead in their blood as do the natives in New Guinea. If you take lead out of the air, you’ll still have it in your body.

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George Rausch, a professor from Tulane University, The Los Angeles Times.

…this is no time to put additional burdens on employers and employees and State administrations. Recent legislation has created plenty of burdens without adding the one. It is an extremely dangerous time to discuss raising labor costs in the sense of labor costs per unit.

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Prof. R.S. Meriam, Harvard Business School, Testimony, House Committee on Ways and Means.
03/21/1934 | Full Details | Law(s): Unemployment Insurance

The problem with the Community Reinvestment Act is not its goals but its vagueness and ambiguity that have led to a nightmare of documentation, paperwork and formalized process that diverts bankers' time and bank resources from being utilized to serve our communities… we need to build a system of supervision and enforcement that encourages creativity and substance in community reinvestment lending.

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Michael K. Guttau, National Mortgage News