Quote by Don Watkins

So what are the effects of increasing minimum wages? Any Econ 101 student can tell you the answer: The higher wage reduces the quantity…

— Paul Krugman

A minimum wage leads to higher levels of unemployment.

— Steve Hanke

The higher the wages the fewer the jobs; the lower the wages the more the jobs.

— James Cook

The impact of a minimum wage depends on how high it is to average wages. If you have too high a minimum wage, it…

— Zanny Minton Beddoes

Yet it ought to be clear that a minimum wage law is, at best, a limited weapon for combatting the evil of low wages,…

— Henry Hazlitt

Every economist knows that minimum wages either do nothing or cause inflation and unemployment. That's not a statement, it's a definition.

— Milton Friedman

Sharp increases in the minimum wage rate are also inflationary. Frequently workers paid more than the minimum gauge their wages relative to it. This…

— Richard M. Nixon

Free market economists frequently see minimum wage legislation as mere political intervention. However, there are decent economic theories which show that, under certain circumstances,…

— Ha-Joon Chang

Sharp increases in the minimum wage rate are also inflationary. Frequently workers paid more than the minimum gauge their wages relative to it. This…

— Richard M. Nixon

High mandated minimum wages will throw people out of work and onto the welfare rolls in cases where unemployment benefits exist. When it comes…

— Steve Hanke

“Minimum wage increases. The Nobel Prize economist Milton Friedman has observed that the minimum wage is "one of the most ... anti-black laws on…

— David Horowitz

If the economy is growing, people want to employ more workers. If you hire more labor, wages go up.

— Michael Hudson