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 Soviet Union began by banishing God. The United States began as a community of people who wanted to worship God as they chose. . . Man does not live by bread alone. Those in the United States whose desire to create a strictly secular society is as strong as Lenin's was should study this Cold War lesson closely. Communism was defeated by an alliance spearheaded by 'one nation under God.'
Richard M. Nixon