Able Quote by Michele Bachmann
“Literally, if we took away the minimum wage - if conceivably it was gone - we could potentially virtually wipe out unemployment completely because we would be able to offer jobs at whatever level.”
About This Quote
Source Speech: Economic Policy Forum, 2014
Eliminating minimum wage could theoretically eliminate unemployment by allowing flexible pay.
In simple terms: No minimum wage might end unemployment.
Key Takeaway
Consider wage flexibility impacts.
Themes
economics
employment
minimum wage
policy
labor market
Mood
analytical
critical
Type
policy
economic
When to use this quote
- job creation
- wage negotiations
- government regulation
- social safety nets
Key Concepts
labor economics
policy analysis
income distribution
Questions to Reflect On
- What safeguards protect low‑income workers?
- How would wage flexibility affect cost of living?
A Different Perspective
May increase inequality and exploit workers.
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