Accepting Quote by Peter Schiff

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

Minimum wage laws tragically generate unemployment, especially so among the poorest and least skilled or educated workers... Because a minimum wage, of course, does…

— Murray Rothbard

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

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

“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

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

Remember that the minimum wage law provides no jobs; it only outlaws them; and outlawed jobs are the inevitable result.

— Murray Rothbard

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

Minimum wage law is the 'People's Fed.' Tie minimum wage to money supply. If there is pushback against this idea, then shut down the…

— Max Keiser

Pay minimum wage, you get minimum work. Nobody seems to get that.

— Sue Grafton

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

I used to work at McDonald's making minimum wage. You know what that means when someone pays you minimum wage? You know what your…

— Chris Rock