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NFIB Weekly News

NFIB Weekly News Wages and Benefits

Puzder: New Tax Law, Deregulation Will Lead To Wage Increases. (01/09/2018)

In an op-ed for the Wall Street Journal (1/7, Subscription Publication), Andy Puzder, former CEO of CKE Restaurants, argued that the left would address wage stagnation with mandated wage increases, but that approach leads employers to cut jobs and reduce hours to address their increased costs. Instead, Puzder wrote that President trump’s deregulation efforts are fueling an economic surge that will get an additional boost from the recently-passed tax reforms. That growth, he added, will cause employers to compete for workers and drive up wages.