"The outlook for major [contract] negotiations in 1970 is disturbing… some moderate rise in unemployment is a necessary condition to checking the inflationary spiral. This is another way of saying “The slowdown is what we have been trying desperately to achieve. Let’s not reverse it before it has had some results."

The best thing the U.S. could do is leave the economic and job related issues outside of the hands for politicians. It is not as easy as presented. Depending on the number of people working for minimum wage, rising it has a massive influence at the inflation. If all employees of an economy get a two percent rise, the inflation is consuming this rise in no time. It is less the minimum wage but the high number of people working, only getting such small salary, what defines the problem. What if the workers unions and employees organizations had pretty much equal power and had to negotiate wages that's good for business and workers?