A Quote by Doug Bandow

[E]conomic liberty and creative entrepreneurship are the basis of any solution to today's social and economic difficulties. Blaming business, setting wages, and attempting to run the economy by decree from Washington only exacerbates the problems. Consider the minimum wage. It seems so simple: Tell business to pay its workers more. But a hike in the minimum wage is essentially a tax, punishing precisely those companies that hire workers with the least skills.

Doug Bandow

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Any Attempting Basis Blaming Business Companies Consider Creative Decree Difficulties Economic Economy Entrepreneurship Essentially Hike Hire Least Liberty Minimum Minimum Wage More Only Pay Precisely Problems Punishing Run Seems Setting Simple Skills Social Solution Tax Tell Those Today Wage Wages Washington Workers

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Doug Bandow
American - Writer
Born: 1954

Minimum wage laws tragically generate unemployment, especially so among the poorest and least skilled or educated workers... Because a minimum wage, of course, does not guarantee any worker's employment; it only prohibits, by force of law, anyone from being hired at the wage which would pay his employer to hire him.

Murray Rothbard

I do not support raising the minimum wage, and the reason is as follows. When the minimum wage is raised, workers are priced out of the market. That is the economic reality that seems, at least so far, to be missing from this discussion.

John Sununu

Sharp increases in the minimum wage rate are also inflationary. Frequently workers paid more than the minimum gauge their wages relative to it. This is especially true of those workers who are paid by the hour. An increase in the minimum therefore increases their demands for higher wages in order to maintain their place in the structure of wages. And when the increase is as sharp as it is in H.R. 7935, the result is sure to be a fresh surge of inflation.

Richard M. Nixon

People will say 'how can you have a plane when your workers are on minimum wage?' I said 'but I don't set the minimum wage.' If the minimum wage would be the living wage, then the Government who set the rules should set it at the living wage. That's how I look at it.

Mike Ashley

Free market economists frequently see minimum wage legislation as mere political intervention. However, there are decent economic theories which show that, under certain circumstances, minimum wages can be beneficial, as it makes workers more productive.

Ha-Joon Chang

I know firsthand that many employers who comply with other labor standards still hire the undocumented. Many businesses pay the minimum wage and have barely tolerable working conditions because there are sufficient undocumented workers willing to accept those terms. If we care about low-income workers in this country, we need to create pressure to improve their economic condition by reducing the supply of unauthorized workers.

Maria Echaveste

Taking the politics out of setting the minimum wage provides fairness for workers and predictability for businesses. This legislation will also protect the most vulnerable workers and level the playing field for employers who play by the rules. These are the right steps to take; they will make Ontario a better place to work and run a business.

Kevin Flynn

Raising minimum wage doesn't just benefit the workers behind me, it creates a proven ripple effect that increases wages all the way up the scale. ... Let's get the facts straight, only 20 percent of people making the minimum wage are teenagers. The rest are hardworking adults, many of them with families, and I mean hardworking.

Joe Biden

Minimum wage law is the 'People's Fed.' Tie minimum wage to money supply. If there is pushback against this idea, then shut down the Fed and its ability to distort the economy, penalizing labor, or make the Fed's distortions available to all businesses and all workers.

Max Keiser

The minimum wage is not something that you want to stay on as a permanent basis. For example, if you have a minimum wage job, you don't stay there 20 or 30 years. You don't put your children through college working on minimum wage.

John Raese

I grew up working for the minimum wage at Hardee's and knows first hand how important the minimum wage is. I support a state based minimum wage so every state can set their own minimum wage based on their cost of living.

Joni Ernst

Massachusetts led the nation passing the first state minimum wage a century ago in June 1912, and with passage of an $11 state minimum wage ... will be leading the nation again with a wage floor that is good for business, good for customers and good for our economy.

Holly Sklar

Unfortunately, the real minimum wage is always zero, regardless of the laws, and that is the wage that many workers receive in the wake of the creation or escalation of a government-mandated minimum wage, because they lose their jobs or fail to find jobs when they enter the labor force. Making it illegal to pay less than a given amount does not make a worker’s productivity worth that amount—and, if it is not, that worker is unlikely to be employed.

Thomas Sowell

We have a lot of evidence on what happens when you raise the minimum wage. And the evidence is overwhelmingly positive: Hiking the minimum wage has little or no adverse effect on employment while significantly increasing workers' earnings.

Paul Krugman

The national minimum wage has not been increased in 9 years. By year's end, 21 States across America will have a minimum wage exceeding the Federal minimum wage.

Sherwood Boehlert

I was on the committee that helped raise the minimum wage here in Seattle. I introduced a statewide bill to raise the minimum wage in Washington state my first year in the state senate, and I really believe that raising the federal minimum wage, while not the answer to everything, addresses a lot of the issues at the very bottom.

Pramila Jayapal

A Quote by Doug Bandow

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