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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.” quote by Murray Rothbard
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“Remember that the minimum wage law provides no jobs; it only outlaws them; and outlawed jobs are the inevitable result.”

Murray Rothbard

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.

Key Takeaway

Consider market‑based wage solutions.

Themes

economics policy labor market

Mood

analytical critical

Type

political economic

When to use this quote

  • policy debates
  • business hiring
  • economic analysis

Key Concepts

libertarianism public policy

Questions to Reflect On

  • Is a ban on low‑wage jobs beneficial?
  • What alternatives address wage concerns?
A Different Perspective

May ignore workers’ need for living wages.

3.4 out of 5 (6 ratings)

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