Republican Senator Ron Johnson said that the federal minimum wage should be eliminated, and that the “marketplace” should be in charge of setting wages instead — a move that would send U.S. wage policy back to pre-World War II.
— and misleadingly compared the policy to “price fixing,” an anticompetitive practice typically done by corporations in coordination to raise prices of goods.
“I really don’t like the federal government getting involved in doing price fixing in anything and that includes wages,” he said. He went on to claim that eliminating the minimum wage would create more competition and potentially higher wages, a statement that is patently false. “If you have a strong economy which we had under the previous administration you had plenty of jobs and you had rising wages. I think something like $2,000 to $4,000 a year is what the average family increased their wage by,” he said. “So, that’s the best thing is have the marketplace take care of it rather than government set a minimum wage that then starts eliminating jobs.
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