Feb 14
WASHINGTON, Feb 14 (Reuters) – President Barack Obama said on Thursday that raising the minimum wage, as he has proposed, might trim corporate profits, but he added that U.S. firms were enjoying robust earnings and needed customers with money to spend.
“It might have some modest impact on their profits,” he said in an on-line video question and answer session sponsored by Google+.
“But the fact of the matter is, if we’re going to have a society in which we’ve got broad-based prosperity, those same businesses also have to worry about do those customers have money in their pockets.”
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