Obama on Raising Minimum Wage: Customers Will Accept Paying More for Burgers

Wednesday at a White House Summit on workers, President Barack Obama said that even “price-sensitive” consumers would be fine paying higher prices for goods like “burgers” if they knew it was because of an increase in the national minimum wage.

Obama said, “I think that most of us are price-sensitive. We’re not looking to overpay. On the other hand, I’ll bet that a lot of folks here, if they go to a restaurant, and they know that the people working there are making a living wage, the fact that they may be paying an extra dollar for a burger, would feel OK. Some people might not be able to afford it, but a lot of people could.”

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