--- title: "Meaning & Key Takeaway of: Yet it ought to be clear that a minimum…" description: "\"Yet it ought to be clear that a minimum wage law is, at best, a limited weapon for combatting the evil of low wages, and that the possible good to be a..." image: "https://sms4smile.com/quotes/i/edc/henry-hazlitt-2839_aim_yet-it-ought-to-be-clear-that-a-minimum_217929.jpg" --- # Yet it ought to be clear that a minimum wage law is, at… ![“Yet it ought to be clear that a minimum wage law is, at best, a limited weapon for combatting the evil of low wages, and that the possible good to be achieved by such a law can exceed the possible harm only in proportion as its aims are mode.” quote by Henry Hazlitt](https://sms4smile.com/quotes/i/edc/henry-hazlitt-2839_aim_yet-it-ought-to-be-clear-that-a-minimum_217929.jpg) [Download](https://sms4smile.com/quotes/i/edc/henry-hazlitt-2839_aim_yet-it-ought-to-be-clear-that-a-minimum_217929.jpg) [Open image](https://sms4smile.com/quotes/i/edc/henry-hazlitt-2839_aim_yet-it-ought-to-be-clear-that-a-minimum_217929.jpg) > “Yet it ought to be clear that a minimum wage law is, at best, a limited weapon for combatting the evil of low wages, and that the possible good to be achieved by such a law can exceed the possible harm only in proportion as its aims are mode.” [Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. A minimum wage can help raise pay but its effectiveness depends on how narrowly its goals are defined and balanced against potential job loss. **In simple terms:** Minimum wage helps but must be carefully targeted. Key Takeaway Use wage policy with caution. Themes economics labor policy inequality Mood cautious analytical Type policy economic cautionary When to use this quote - government legislation - business hiring - worker negotiations - economic forecasting Key Concepts market dynamics trade-offs employment effects Questions to Reflect On - What are the trade‑offs between higher wages and job availability? - How can policy be designed to minimize negative side effects? A Different Perspective May reduce employment opportunities if set too high. ★ ★ ★ ★ ★ No ratings yet [Ambitious](https://sms4smile.com/quotes/about/ambitious/) [Evil](https://sms4smile.com/quotes/about/evil/) [Harm](https://sms4smile.com/quotes/about/harm/) [Law](https://sms4smile.com/quotes/about/law/) [Living wage](https://sms4smile.com/quotes/about/living-wage/) [Minimum wage](https://sms4smile.com/quotes/about/minimum-wage/) [Wage](https://sms4smile.com/quotes/about/wage/) [Wages](https://sms4smile.com/quotes/about/wages/) [Weapons](https://sms4smile.com/quotes/about/weapons/) [Workers](https://sms4smile.com/quotes/about/workers/) ## Related quotes > [Yet it ought to be clear that a minimum wage law is, at best, a limited weapon for combatting the evil of low wages,…](https://sms4smile.com/quotes/henry-hazlitt/yet-it-ought-to-be-clear-that-a-minimum-wage-law-is-at-best-a-limited-2/) [Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/) > [A general flat minimum-wage law for all industry is permissible, but I do not think that it is a particularly wise method of achieving…](https://sms4smile.com/quotes/friedrich-august-von-hayek/a-general-flat-minimum-wage-law-for-all-industry-is-permissible-but-i/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [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…](https://sms4smile.com/quotes/bill-pascrell/working-class-americans-have-waited-too-long-close-to-a-decade-in/) [Bill Pascrell](https://sms4smile.com/quotes/author/bill-pascrell/) > [The minimum wage law very cleverly is misnamed. The real minimum wage is zero. That is what many inexperienced and low skilled people receive…](https://sms4smile.com/quotes/thomas-sowell/the-minimum-wage-law-very-cleverly-is-misnamed-the-real-minimum-wage/) [Thomas Sowell](https://sms4smile.com/quotes/author/thomas-sowell/) > [A minimum-wage law, a law that prevents employers and employees from entering into mutually beneficial economic exchanges, is as far from a free market…](https://sms4smile.com/quotes/jacob-g-hornberger/a-minimum-wage-law-a-law-that-prevents-employers-and-employees-from/) [Jacob G. Hornberger](https://sms4smile.com/quotes/author/jacob-g-hornberger/) > [Minimum wage law is the 'People's Fed.' Tie minimum wage to money supply. 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