A Quote by Thomas Sowell

The real minimum wage is zero.

Thomas Sowell

Quote Topics

Minimum Minimum Wage Real Wage Zero

Quote Author

Thomas Sowell
American - Economist
Born: June 30, 1930

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

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

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

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

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

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 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

I believe increasing minimum wage it`s not just the minimum wage, it`s a living wage.

Alison Lundergan Grimes

[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.

Barack Obama

Home Depot has never hired one human being for minimum wage, not one. We have always paid a premium over minimum wage.

Kenneth Langone

Congress has not raised the minimum wage since 1997. The minimum wage is now at its lowest level in 50 years adjusted for inflation.

Russ Carnahan

I will advocate moving the Illinois minimum wage back to the national minimum wage.

Bruce Rauner

I have said, on a number of occasions, that we could have a lower minimum wage or no minimum wage.

Bruce Rauner

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

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

A Quote by Thomas Sowell

Quote Topics

Quote Author

Related Quotes

Related Authors