Sharp increases in the minimum wage rate are also inflationary. Frequently workers paid more than the minimum gauge their wages relative to it. This is especially true of those workers who are paid by the hour. An increase in the minimum therefore increases their demands for higher wages in order to maintain their place in the structure of wages. And when the increase is as sharp as it is in H.R. 7935, the result is sure to be a fresh surge of inflation.
Richard M. NixonThe student who invades an administration building, roughs up a dean, rifles the files and issues 'non-negotiable demands' may have some of his demands met by a permissive university administration. But the greater his 'victory' the more he will have undermined the security of his own rights.
Richard M. NixonBy the time you get dressed, drive out there, play 18 holes and come home, you've blown seven hours. There are better things you can do with your time.
Richard M. NixonIn our own lives, let each of us ask โ not just what will government do for me, but what can I do for myself? In the challenges we face together, let each of us ask โnot just how can government help, but how can I help?
Richard M. NixonThe greatness comes not when things go always good for you. But the greatness comes when you're really tested, when you take some knocks, some disappointments, when sadness comes. Because only if you've been in the deepest valley can you ever know how magnificent it is to be on the highest mountain.
Richard M. Nixon