Minimum wage Quote by Max Keiser
“By tying minimum wage to money supply, the poor's income would rise and fall with the rise and fall in money supply.”
About This Quote
Source Podcast: "The Max Keiser Show", 2020
Linking minimum wage to money supply would cause wages to fluctuate with inflation, potentially stabilizing purchasing power but also creating income volatility.
In simple terms: Wage tied to money supply leads to fluctuating income.
Consider economic mechanisms before policy changes.
Themes
Mood
Type
When to use this quote
- budget planning
- policy advocacy
- financial education
Key Concepts
Questions to Reflect On
- Is income stability more important than inflation matching?
- How would businesses adapt to fluctuating wages?
Volatility could harm low‑income stability.