Moderate Mitt is back.
The former Republican presidential nominee told MSNBC's Morning Joe: "I, for instance, as you know, part company with many of the conservatives in my party on the issue of the minimum wage. I think we ought to raise it." He added: "[F]rankly, our party is all about more jobs and better pay."
Senate Republicans, however, don't agree with Moderate Mitt. Romney’s comments came a month after Senate Republicans rejected a vote on a bill that would have increased the national minimum wage to $10.10.
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The conservative argument against the minimum wage is that it's a job killer. If businesses can't pay people less than the minimum wage, they just won't bother to hire them at all, or they'll replace them with machinery, or workers overseas. The evidence, however, suggests otherwise — but liberals who argue that minimum wage hikes create jobs by boosting consumer incomes are wrong, too. The most recent research concludes minimum wage hikes neither create nor destroy jobs.
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