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Crazy Quote by Malcolm Wallop

“The concept of minimum wage is crazy, if you really stop to think about it. If $8 an hour seems right, why not $20 an hour? If its coming by order of the government, why stop at any level? Why not just say everyone should get what Gates gets?” quote by Malcolm Wallop
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“The concept of minimum wage is crazy, if you really stop to think about it. If $8 an hour seems right, why not $20 an hour? If its coming by order of the government, why stop at any level? Why not just say everyone should get what Gates gets?”

Malcolm Wallop

About This Quote

Source Speech: Congressional testimony, 1990s

Minimum wage should reflect living costs; questioning arbitrary limits suggests higher wages could be justified.

In simple terms: Raise wages to match real needs.

Key Takeaway

Advocate for fair compensation.

Themes

economics fairness policy labor rights

Mood

analytical concerned

Type

policy economic

When to use this quote

  • budget planning
  • job negotiations
  • policy reform
  • social advocacy

Key Concepts

minimum wage income inequality government regulation

Questions to Reflect On

  • What are the trade‑offs of raising wages?
  • How can businesses adapt?
A Different Perspective

Higher wages may impact employment rates.

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