Mike Shedlock

In the past few days, three candidates who ran for the last Republican presidential nomination, including nominee Mitt Romney, have endorsed a higher minimum wage.

Yahoo!Finance asks Mitt Romney Calls for Higher Minimum Wage. Does it Matter?

Mitt Romney, the GOP presidential nominee in 2012, called on Republicans Friday to raise the minimum wage, going against the congressional leadership of his own party.
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"I think we ought to raise it, because frankly, our party is all about more jobs and better pay, and I think communicating that is important to us," Mr. Romney said on MSNBC’s “Morning Joe.”

In recent days, two other Republican presidential hopefuls from 2012 – former Minnesota Gov. Tim Pawlenty and former Sen. Rick Santorum of Pennsylvania – have also called for a minimum wage hike. The trend may signal that in presidential politics, some Republicans see the issue as a way to soften the party’s image across a broad electorate.

On MSNBC, Romney linked his support for a higher minimum wage to the GOP’s effort to reach out to working Americans, including Hispanics. Romney lost the Hispanic vote to President Obama, 71 percent to 27 percent.

“I also believe that key for our party is to be able to convince the people who are in the working population, particularly the Hispanic community, that our party will help them get better jobs and better wages,” Romney said.

Mike Shedlock

Mike Shedlock is a registered investment advisor representative for Sitka Pacific Capital Management.
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