A Quote by Walter E. Williams
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.
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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.
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.
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.
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.
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.
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.
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.
It has now been over 7 years since Congress last raised the minimum wage to its current level of $5.15 per hour. Since that last increase, Congress's failure to adjust the wage for inflation has reduced the purchasing power of the minimum wage to record low levels.
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.
I think the minimum wage outght to keep pace with inflation. I think the minimum wage is a good thing to have in our country and I think it ought to be updated.
Working-class Americans have waited too long, close to a decade in fact, for an increase in the minimum wage. This has been the second longest period without a pay raise since the Federal minimum wage law was first enacted in 1938.
I used to work at McDonald's making minimum wage. You know what that means when someone pays you minimum wage? You know what your boos was trying to say? "Hey if I could pay you less, I would, but it's against the law."
I believe increasing minimum wage it`s not just the minimum wage, it`s a living wage.
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.
[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.
Why, when the economist gives advice to his society, is he so often cooly ignored? He never ceases to preach free trade, and protectionism is growing in the United States. He deplores the perverse effects of minimum wage laws, and the legal minimum is regularly raised each 3 or 5 years. He brands usury laws as a medieval superstition, but no state hurries to repeal its law.
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