Vice President J.D. Vance highlighted the benefits of raising the minimum wage during a Washington, D.C., speech.
While speaking at the American Dynamism Summit on Tuesday, Vance told the tech-savvy crowd that low labor costs stifle innovation.
"Cheap labor is fundamentally a crutch, and it's a crutch that inhibits innovation," he said. "I might even say that it's a drug that too many American firms got addicted to. Now, if you can make a product more cheaply, it's far too easy to do that rather than to innovate."
"Now...