Answers Quote by Paul Krugman

“hat are the effects of increasing minimum wages?” asks Paul Krugman. “Any Econ 101 student can tell you the answer: The higher wage reduces…

— Don Watkins

A minimum wage leads to higher levels of unemployment.

— Steve Hanke

The impact of a minimum wage depends on how high it is to average wages. If you have too high a minimum wage, it…

— Zanny Minton Beddoes

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

Businesses generally deal with minimum wage increases by finding efficiencies in their business practices or slightly increasing prices if they have to, not cutting…

— David Rolf

Sharp increases in the minimum wage rate are also inflationary. Frequently workers paid more than the minimum gauge their wages relative to it. This…

— Richard M. Nixon

Reduced employment opportunities is one effect of minimum wage legislation. The minimum wage law has imposed incalculable harm on the disadvantaged members of our…

— Walter E. Williams

Raising the minimum wage represents a substantial financial burden for employers, particularly start-ups, early stage companies, and family-owned businesses. In response, business owners would…

— Fabrizio Moreira

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

[W]e have a lot of evidence on what happens when you raise the minimum wage. And the evidence is overwhelmingly positive: Hiking the minimum…

— Paul Krugman

The higher the wages the fewer the jobs; the lower the wages the more the jobs.

— James Cook

Raising the minimum wage to $10.10 will benefit about 28 million workers across the country. And it will help businesses, too - raising the…

— Thomas Perez