Employers Quote by Milton Friedman
“A minimum-wage law is, in reality, a law that makes it illegal for an employer to hire a person with limited skills.”
About This Quote
Source Speech: Free to Choice, Milton Friedman, 1975
The law effectively blocks low‑skill workers from employment, treating minimum wage as a hiring ban.
In simple terms: Minimum wage blocks hiring low‑skill workers.
Key Takeaway
Consider alternatives to help low‑skill workers.
Themes
economics
labor
policy
employment
inequality
Mood
critical
analytical
Type
policy
economic
When to use this quote
- job seekers with limited skills
- small businesses
- policy debates
- employment counseling
Key Concepts
minimum wage
labor market
skill mismatch
Questions to Reflect On
- How does minimum wage affect unemployment?
- What alternatives could support low‑skill workers?
A Different Perspective
May ignore benefits of a wage floor for workers.
