Unemployment 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

Giving a minimum wage reduces inequality significantly.

— Winnie Byanyima

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

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

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

In a perfect world, people don't have to move to another country to get a higher wage. Ultimately, they need only be able to…

— Robert J. Shiller

Capitalists have the tendency to move toward those countries in which there is plenty of labor available and at which labor is reasonable. And…

— Ludwig von Mises

Minimum wage laws tragically generate unemployment, especially so among the poorest and least skilled or educated workers... Because a minimum wage, of course, does…

— Murray Rothbard

Unemployment is 'involuntary' when the price is above its market clearing level. Workers are unemployed because jobs are not available at the prevailing wages,…

— Dale T. Mortensen

Those of us in the Congress must confront and overcome Republican intransigence to increasing the minimum wage, extending unemployment insurance and protecting food stamps.

— Charles B. Rangel

A minimum wage leads to higher levels of unemployment.

— Steve Hanke

Those who claim that they need cash because they are unable to pay labourers are those who are not paying minimum wages.

— Arundhati Bhattacharya