A Quote by Milton Friedman
The real tragedy of minimum wage laws is that they are supported by well-meaning groups who want to reduce poverty. But the people who are hurt most by higher minimums are the most poverty stricken.
Related Quotes
[A] family with two kids that earns the minimum wage still lives below the poverty line. That's wrong. That's why, since the last time this Congress raised the minimum wage, 19 states have chosen to bump theirs even higher. Tonight, let's declare that in the wealthiest nation on Earth, no one who works full-time should have to live in poverty, and raise the federal minimum wage to $9 an hour.
At the current $5.15 an hour, the federal minimum wage has become a poverty wage. A full-time worker with one child lives below the official poverty line.
I want us to raise the national minimum wage, because people who live in poverty should not - who work full-time should not still be in poverty.
The high rate of unemployment among teenagers, and especially black teenagers, is both a scandal and a serious source of social unrest. Yet it is largely a result of minimum wage laws. We regard the minimum wage law as one of the most, if not the most, anti-black laws on the statute books.
Most of us working on poverty alleviation simply want to know, 'How much poverty can I reduce for every dollar I donate?'
Raising the minimum wage would be a positive step in reducing poverty, the humiliation of living in poverty, and dependence on public assistance.
I want people to make a lot more than $9. $9 is not enough. The problem is that if you can't do that by mandating it in the minimum wage laws. Minimum wage laws never worked in terms of helping the middle class attain more prosperity.
I grew up in a poverty-stricken neighborhood, but I didn't really know I was a deprived, poverty-stricken child until the media made me aware of it.
At the very least, you must make the Internet free in areas that are poverty-stricken. Without the Internet and access to information, poverty-stricken households will never catch up to households above the poverty line - throwing the African-American community deeper into the stone ages.
No family gets rich from earning the minimum wage. In fact, the current minimum wage does not even lift a family out of poverty.
You [Jill Stein] also believe in a full employment policy that was the majority Democratic Party policy in 1946. They actually passed a law to that effect. You want to end poverty and when people see how relatively easy it is to end poverty. And one way is to increase the minimum wage: catch up; it's been frozen for so many years.
You can't lift people out of poverty simply by tweaking the tax system, or by raising the minimum wage by a few cents, or by reducing student debt slightly. These might be necessary components of a larger anti-poverty program, but you have to accept they are pieces of a much larger puzzle.
My mother saved our home with a minimum wage job. But in the 1960s, a minimum wage job would support a family of three above the poverty line. Not today. Not even close. I understood right then that people can work hard, they can play by the rules, and they can still take a hard smack.
It seems to me both moral and practical that in the richest in nation in the world that someone working full time shouldn't live in poverty. And studies over the last 20 years in states where we have seen these minimum wage increases show there's no discernible impact on employment growth. In fact, what it does is line low-wage workers' pockets with higher wages.
If you're fighting against a minimum wage increase, you're fighting an uphill battle, because most Americans, even most Republicans, are okay with raising the minimum wage.
The child was diseased at birth, stricken with a hereditary ill that only the most vital men are able to shake off. I mean poverty-the most deadly and prevalent of all diseases.
Related Authors
Adam Smith Quotes
Scottish
Economist
Alan Greenspan Quotes
American
Economist
Benjamin Graham Quotes
American
Economist
Friedrich August von Hayek Quotes
Austrian
Economist
John Kenneth Galbraith Quotes
American
Economist
John Maynard Keynes Quotes
English
Economist
Joseph Stiglitz Quotes
American
Economist
Ludwig von Mises Quotes
Austrian
Economist
Muhammad Yunus Quotes
Bangladeshi
Economist
Murray Rothbard Quotes
American
Economist
Paul Craig Roberts Quotes
American
Economist
Paul Krugman Quotes
American
Economist
Richard Thaler Quotes
American
Economist
Robert Reich Quotes
American
Economist
Thomas Sowell Quotes
American
Economist
Walter E. Williams Quotes
American
Economist