Courses Quote by Murray Rothbard

A minimum-wage law is, in reality, a law that makes it illegal for an employer to hire a person with limited skills.

— Milton Friedman

The minimum wage law very cleverly is misnamed. The real minimum wage is zero. That is what many inexperienced and low skilled people receive…

— Thomas Sowell

Minimum wage laws make it illegal for a worker to accept a job that pays less, even if the worker needs that job.

— Peter Schiff

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…

— Jacob G. Hornberger

Free market economists frequently see minimum wage legislation as mere political intervention. However, there are decent economic theories which show that, under certain circumstances,…

— Ha-Joon Chang

Yet it ought to be clear that a minimum wage law is, at best, a limited weapon for combatting the evil of low wages,…

— Henry Hazlitt

Yet it ought to be clear that a minimum wage law is, at best, a limited weapon for combatting the evil of low wages,…

— Henry Hazlitt

“We’re taught to think of the minimum wage as a mechanism for helping people earn more. What it actually does is prevent people from…

— Don Watkins

Most poor people earn more than minimum wage when they are working; their problem is not low wages. The problem comes when they are…

— Joseph Stiglitz

Unfortunately, the real minimum wage is always zero, regardless of the laws, and that is the wage that many workers receive in the wake…

— Thomas Sowell

A minimum wage leads to higher levels of unemployment.

— Steve Hanke

Especially for the young and the lowest-skilled, minimum wage becomes a toll that prevents many from entering the work force and gaining the skills…

— Stephen Moore