In commemoration of Labor Day, Republican Presidential front runner, Donald Trump released a statement today that he supports American workers and that in order to protect their jobs and grow more jobs, he is proposing a federal maximum wage law.
Trump’s maximum wage law would create a ceiling on the wages an employee could be paid based on their position and profession.
“See, this way you get rid of the stress employees have to deal with, getting up the courage to ask for raises and companies don’t have to deal with rising costs of labor. It’s a win-win!” Trump declared. He went on to explain that lower pay for employees means employers would have more money to create more low paying jobs. Trump also pointed out that most Americans wouldn’t see a difference since wages have stagnated for decades anyway. “This just takes the unpredictability out of things for businesses,” Trump smiled.
Trump’s example included a maximum wage of $7.50 for all minimum wage jobs, the federal minimum wage now being $7.25. “That’ll give ’em room to grow without making too big of a dent in corporate profits,” Trump exclaimed.
Asked about applying a maximum wage to high level executives and CEOs, Trump bristled at the idea. “That’s just a stupid thing to say! This is America, if an exec is good at what he does, he should be rewarded for it! You’re not going to encourage them to do their best if they’re not paid for it,” Trump insisted.
Trump predicted that after the success of the first stage of his plan, he would then set the maximum wage to be tied to inflation and decrease by that amount annually. “I told you I had a plan to take back our jobs from the Chinese, when we get to where our wages are lower than theirs thanks to my declining maximum wage program, that’s all gonna happen and it’s gonna be huge!”