A Quote by Murray Rothbard

Remember that the minimum wage law provides no jobs; it only outlaws them; and outlawed jobs are the inevitable result.

Murray Rothbard

Quote Topics

Inevitable Jobs Law Minimum Minimum Wage Only Provides Remember Result Them Wage

Quote Author

Murray Rothbard
American - Economist
March 2, 1926 - January 7, 1995

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

The minimum wage law very cleverly is misnamed. The real minimum wage is zero. That is what many inexperienced and low skilled people receive as a result of legislation that makes it illegal to pay them what they are currently worth to an employer.

Thomas Sowell

You can't take a coal miner making $95,000 a year, the only work in these parts where you can support a family without having to hold down three jobs at once... and tell them, 'You can make minimum wage,' or, 'We can give you job training for jobs that don't exist in West Virginia.'

Richard Ojeda

If I thought that raising the minimum wage was the best way to help people increase their pay, I would be all for it, but it isn't. If you raise the minimum wage, you're going to make people more expensive than a machine. And that means all this automation that's replacing jobs and people is only going to be accelerated.

Marco Rubio

Cutting tax credits for education and training will result in more Americans working at minimum-wage jobs while U.S. companies go begging for the higher-paid skilled workers they need.

Raja Krishnamoorthi

Reduced employment opportunities is one effect of minimum wage legislation. The minimum wage law has imposed incalculable harm on the disadvantaged members of our society. The only moral thing to do is to repeal it.

Walter E. Williams

Trump can bring jobs back, but they will be minimal-wage jobs, not the high-paying jobs of the 1950s.

Joseph Stiglitz

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

Improving the outlook for U.S workers isn't about creating millions of minimum-wage jobs. It is about creating sustainable, skilled employment that allows Americans to earn a fair wage with benefits that allows them to pay for housing and food on the table and sustain a middle-class lifestyle.

James P. Hoffa

What I want to do is create jobs that make the minimum wage irrelevant.

Thom Tillis

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.

Milton Friedman

There's no question raising the minimum wage excessively causes a loss of jobs.

Mitt Romney

Don't let anybody tell you that raising the minimum wage will kill jobs.

Hillary Clinton

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.