Transcript: White House official on minimum wage increase proposed in the FY2014 budget

Edited by Jenny Jiang

Partial transcript of remarks by a White House official on minimum wage increase proposed in the FY2014 budget. The press briefing was held on April 10, 2013.

Question:
And would it apply to minimum wage as adjusted onward by according to inflation? Because you raised minimum wage to $9 but then the President in his State of the Union said it would then be adjusted onward according to inflation. Would it use the chained-CPI formula?

Gene Sperling, Director of the White House National Economic Council:
We put the minimum wage proposal and we are hoping to have a strong bipartisan process to pass that, and I think at this point we’ll probably wait to have those discussions. The important thing for the President is to pass a minimum wage. It’s his belief that nobody who works full-time should be raising their children in poverty, and you know, people have different formulations for that. What we really want is to see that discussion engaged.

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One Comment on “Transcript: White House official on minimum wage increase proposed in the FY2014 budget

  1. Pingback: Transcript: Senior White House officials on chained-CPI & Social Security savings proposed in the FY2014 budget | What The Folly?!

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