Inevitable Quote by Murray Rothbard
“Remember that the minimum wage law provides no jobs; it only outlaws them; and outlawed jobs are the inevitable result.”
About This Quote
Source Essay: Man, Economy, and State, Murray Rothbard, 1962
Minimum wage laws do not create jobs; they merely prohibit certain low‑wage employment, leading to job loss.
In simple terms: Minimum wage bans low‑wage jobs.
Consider market‑based wage solutions.
Themes
Mood
Type
When to use this quote
- policy debates
- business hiring
- economic analysis
Key Concepts
Questions to Reflect On
- Is a ban on low‑wage jobs beneficial?
- What alternatives address wage concerns?
May ignore workers’ need for living wages.