She disagrees with Holz-Eakin on his claim that the minimum wage is poorly targeted. “Folks just can’t survive on those kinds of wages,” Smith said. “The focus is on the quality of these jobs in which more and more Americans are spending their life.”
“One of the changes we have seen has been the move to low-wage jobs where adults are working and spending their lives,” Smith said. “We are hemorrhaging jobs in the decent-paying industries and replacing them with low-wage service sector jobs. It’s our responsibility to make sure that these jobs are good jobs.”
Smith argues that a trickle-up stimulus will grow the economy by strengthening demand. “If wages grow and people have more money in their pockets, then they will spend it.”
The fast-food industry is a “$200 billion industry that can afford to make these adjustments,” Smith said.
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