--- title: "Meaning & Key Takeaway of: The impact of a minimum wage depends on…" description: "\"The impact of a minimum wage depends on how high it is to average wages. If you have too high a minimum wage, it will hurt job creation, and you will h..." image: "https://sms4smile.com/quotes/i/0f0/zanny-minton-beddoes-20680_creation_the-impact-of-a-minimum-wage-depends-on_1018466.jpg" --- # The impact of a minimum wage depends on how high it is to… ![“The impact of a minimum wage depends on how high it is to average wages. If you have too high a minimum wage, it will hurt job creation, and you will have negative job effects.” quote by Zanny Minton Beddoes](https://sms4smile.com/quotes/i/0f0/zanny-minton-beddoes-20680_creation_the-impact-of-a-minimum-wage-depends-on_1018466.jpg) [Download](https://sms4smile.com/quotes/i/0f0/zanny-minton-beddoes-20680_creation_the-impact-of-a-minimum-wage-depends-on_1018466.jpg) [Open image](https://sms4smile.com/quotes/i/0f0/zanny-minton-beddoes-20680_creation_the-impact-of-a-minimum-wage-depends-on_1018466.jpg) > “The impact of a minimum wage depends on how high it is to average wages. If you have too high a minimum wage, it will hurt job creation, and you will have negative job effects.” [Zanny Minton Beddoes](https://sms4smile.com/quotes/author/zanny-minton-beddoes/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. A minimum wage set too far above average wages can suppress hiring and cause job losses. **In simple terms:** Very high minimum wages may reduce jobs. Key Takeaway Balance wage levels with labor market health. Themes economics labor markets policy wage employment Mood analytical cautious Type policy economic analytical When to use this quote - government wage setting - small business hiring - regional wage adjustments - inflation contexts Key Concepts minimum wage theory elasticity labor supply business costs Questions to Reflect On - What wage level balances fairness and job growth? - How do regional cost differences affect the impact? A Different Perspective If wages are too high, firms may cut hours or automate instead of hiring. ★ ★ ★ ★ ★ No ratings yet [Creation](https://sms4smile.com/quotes/about/creation/) [Impact](https://sms4smile.com/quotes/about/impact/) [Minimum wage](https://sms4smile.com/quotes/about/minimum-wage/) [Wage](https://sms4smile.com/quotes/about/wage/) ## Related quotes > [The problem with one single minimum wage is that you don't allow for younger people, who are less skilled and maybe more easily pushed…](https://sms4smile.com/quotes/zanny-minton-beddoes/the-problem-with-one-single-minimum-wage-is-that-you-don-t-allow-for/) [Zanny Minton Beddoes](https://sms4smile.com/quotes/author/zanny-minton-beddoes/) > [So what are the effects of increasing minimum wages? Any Econ 101 student can tell you the answer: The higher wage reduces the quantity…](https://sms4smile.com/quotes/paul-krugman/so-what-are-the-effects-of-increasing-minimum-wages-any-econ-101/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [I spent almost all my life in poverty, raised by a single mother who had to raise three children on minimum wage, which in…](https://sms4smile.com/quotes/ritchie-torres/i-spent-almost-all-my-life-in-poverty-raised-by-a-single-mother-who/) [Ritchie Torres](https://sms4smile.com/quotes/author/ritchie-torres/) > [There's this notion out there - and it's a categorically false notion - that the only business model in the service industry is the…](https://sms4smile.com/quotes/tom-perez/there-s-this-notion-out-there-and-it-s-a-categorically-false-notion/) [Tom Perez](https://sms4smile.com/quotes/author/tom-perez/) > [Yet it ought to be clear that a minimum wage law is, at best, a limited weapon for combatting the evil of low wages,…](https://sms4smile.com/quotes/henry-hazlitt/yet-it-ought-to-be-clear-that-a-minimum-wage-law-is-at-best-a-limited/) [Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/) > [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…](https://sms4smile.com/quotes/chris-rock/i-used-to-work-at-mcdonald-s-making-minimum-wage-you-know-what-that/) [Chris Rock](https://sms4smile.com/quotes/author/chris-rock/) > [The value of the minimum wage shouldn't be eroded, and it has been.](https://sms4smile.com/quotes/robert-j-garagiola/the-value-of-the-minimum-wage-shouldn-t-be-eroded-and-it-has-been/) Robert J. Garagiola > [Those of us in the Congress must confront and overcome Republican intransigence to increasing the minimum wage, extending unemployment insurance and protecting food stamps.](https://sms4smile.com/quotes/charles-b-rangel/those-of-us-in-the-congress-must-confront-and-overcome-republican/) [Charles B. Rangel](https://sms4smile.com/quotes/author/charles-b-rangel/) > [“Adjusted for inflation, the minimum wage today is lower than it was in 1965—about 24 percent lower. That job at Sears allowed my mother…](https://sms4smile.com/quotes/elizabeth-warren/adjusted-for-inflation-the-minimum-wage-today-is-lower-than-it-was-in/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [Barack Obama and Kay Hagan think that the minimum wage needs to be the same in the mountains of North Carolina and in the…](https://sms4smile.com/quotes/thom-tillis/barack-obama-and-kay-hagan-think-that-the-minimum-wage-needs-to-be/) [Thom Tillis](https://sms4smile.com/quotes/author/thom-tillis/) > [“The eugenics roots of minimum wage laws. 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He cannot talk about a robust job market.…](https://sms4smile.com/quotes/rush-limbaugh/obama-s-gonna-play-santa-claus-with-the-minimum-wage-he-s-got-no/) [Rush Limbaugh](https://sms4smile.com/quotes/author/rush-limbaugh/) > [A minimum wage leads to higher levels of unemployment.](https://sms4smile.com/quotes/steve-hanke/a-minimum-wage-leads-to-higher-levels-of-unemployment/) [Steve Hanke](https://sms4smile.com/quotes/author/steve-hanke/) ## More by Zanny Minton Beddoes > [Many European countries and Japan need to free their labour markets and liberalise services to boost productivity growth.](https://sms4smile.com/quotes/zanny-minton-beddoes/many-european-countries-and-japan-need-to-free-their-labour-markets/) [Zanny Minton Beddoes](https://sms4smile.com/quotes/author/zanny-minton-beddoes/) > [German predominance is not all-encompassing. In foreign affairs and military matters, for instance, France and Britain still play a much bigger role. But across…](https://sms4smile.com/quotes/zanny-minton-beddoes/german-predominance-is-not-all-encompassing-in-foreign-affairs-and/) [Zanny Minton Beddoes](https://sms4smile.com/quotes/author/zanny-minton-beddoes/) > [I can't wait for the day when it is no longer newsworthy that a woman is appointed editor of a newspaper.](https://sms4smile.com/quotes/zanny-minton-beddoes/i-can-t-wait-for-the-day-when-it-is-no-longer-newsworthy-that-a-woman/) [Zanny Minton Beddoes](https://sms4smile.com/quotes/author/zanny-minton-beddoes/) > [I think Britain's economy has done extremely well from having the influx of talented people from around the world and from having an influx…](https://sms4smile.com/quotes/zanny-minton-beddoes/i-think-britain-s-economy-has-done-extremely-well-from-having-the/) [Zanny Minton Beddoes](https://sms4smile.com/quotes/author/zanny-minton-beddoes/) > [I care about waking up to the true issues of the 21st century: inequality, diversity, and the impact of tech.](https://sms4smile.com/quotes/zanny-minton-beddoes/i-care-about-waking-up-to-the-true-issues-of-the-21st-century/) [Zanny Minton Beddoes](https://sms4smile.com/quotes/author/zanny-minton-beddoes/) > [Classic English liberalism of the sort that 'The Economist' was founded to champion and still espouses is about open societies and free markets.](https://sms4smile.com/quotes/zanny-minton-beddoes/classic-english-liberalism-of-the-sort-that-the-economist-was-founded/) [Zanny Minton Beddoes](https://sms4smile.com/quotes/author/zanny-minton-beddoes/) > [France's economy is stagnant, statist, and uncompetitive and urgently needs reform.](https://sms4smile.com/quotes/zanny-minton-beddoes/france-s-economy-is-stagnant-statist-and-uncompetitive-and-urgently/) [Zanny Minton Beddoes](https://sms4smile.com/quotes/author/zanny-minton-beddoes/) > [You make money out of things people pay for.](https://sms4smile.com/quotes/zanny-minton-beddoes/you-make-money-out-of-things-people-pay-for/) [Zanny Minton Beddoes](https://sms4smile.com/quotes/author/zanny-minton-beddoes/) > [Regional currencies will prove the best route to reconciling the economic imperatives of increasing international capital mobility with the political realities of the nation-state.](https://sms4smile.com/quotes/zanny-minton-beddoes/regional-currencies-will-prove-the-best-route-to-reconciling-the/) [Zanny Minton Beddoes](https://sms4smile.com/quotes/author/zanny-minton-beddoes/) > [America should do more to fix the still-festering housing crisis and overhaul its training schemes so that high joblessness does not become entrenched. Hunkering…](https://sms4smile.com/quotes/zanny-minton-beddoes/america-should-do-more-to-fix-the-still-festering-housing-crisis-and/) [Zanny Minton Beddoes](https://sms4smile.com/quotes/author/zanny-minton-beddoes/) > [Free-trade enthusiasts fret that regional trade arrangements divert more trade than they create.](https://sms4smile.com/quotes/zanny-minton-beddoes/free-trade-enthusiasts-fret-that-regional-trade-arrangements-divert/) [Zanny Minton Beddoes](https://sms4smile.com/quotes/author/zanny-minton-beddoes/) > [There are a lot of people who are moving from unemployment to disability rolls, and there are a lot of people who have been…](https://sms4smile.com/quotes/zanny-minton-beddoes/there-are-a-lot-of-people-who-are-moving-from-unemployment-to/) [Zanny Minton Beddoes](https://sms4smile.com/quotes/author/zanny-minton-beddoes/) > [Although the world has changed dramatically since 1843, we believe that the values that guide 'The Economist' are as relevant as ever.](https://sms4smile.com/quotes/zanny-minton-beddoes/although-the-world-has-changed-dramatically-since-1843-we-believe/) [Zanny Minton Beddoes](https://sms4smile.com/quotes/author/zanny-minton-beddoes/) > [The former West Germany was a semi-sovereign political pygmy, protected by America's military might and with barely any foreign policy of its own. As…](https://sms4smile.com/quotes/zanny-minton-beddoes/the-former-west-germany-was-a-semi-sovereign-political-pygmy/) [Zanny Minton Beddoes](https://sms4smile.com/quotes/author/zanny-minton-beddoes/) > [Europe's budget plans are better designed: countries from France to Greece are raising retirement ages; others, from Britain to Germany, have created new organisations…](https://sms4smile.com/quotes/zanny-minton-beddoes/europe-s-budget-plans-are-better-designed-countries-from-france-to/) [Zanny Minton Beddoes](https://sms4smile.com/quotes/author/zanny-minton-beddoes/) [Explore all 30 Zanny Minton Beddoes quotes ](https://sms4smile.com/quotes/author/zanny-minton-beddoes/) ## More Creation quotes > [“am not suggesting that successes in academics, athletics, or vocation somehow stand outside God’s good plan. Learning and play are joys that God himself…](https://sms4smile.com/quotes/timothy-paul-jones/am-not-suggesting-that-successes-in-academics-athletics-or-vocation/) [Timothy Paul Jones](https://sms4smile.com/quotes/author/timothy-paul-jones/) > [The capacity to be puzzled is the premise of all creation, be it in art or in science.](https://sms4smile.com/quotes/erich-fromm/the-capacity-to-be-puzzled-is-the-premise-of-all-creation-be-it-in/) [Erich Fromm](https://sms4smile.com/quotes/author/erich-fromm/) > [Let me tell you that atheism has never painted a masterpiece. Atheism has never dispelled fear. Atheism has never healed a disease; faith in…](https://sms4smile.com/quotes/john-hagee/let-me-tell-you-that-atheism-has-never-painted-a-masterpiece-atheism/) [John Hagee](https://sms4smile.com/quotes/author/john-hagee/) > [Perhaps no order of mammals presents us with so extraordinary a series of gradations as this \[step by step, from humans to apes to…](https://sms4smile.com/quotes/thomas-huxley/perhaps-no-order-of-mammals-presents-us-with-so-extraordinary-a/) [Thomas Huxley](https://sms4smile.com/quotes/author/thomas-huxley/) > [Like many other scientists who hold the Catholic faith, I see the Creator's plan and purpose fulfilled in our universe. I see a planet…](https://sms4smile.com/quotes/kenneth-r-miller/like-many-other-scientists-who-hold-the-catholic-faith-i-see-the/) [Kenneth R. Miller](https://sms4smile.com/quotes/author/kenneth-r-miller/) > [And wheresoever, in his rich creation, Sweet music breathes--in wave, or bird, or soul-- 'Tis but the faint and far reverberation Of that great…](https://sms4smile.com/quotes/frances-sargent-osgood/and-wheresoever-in-his-rich-creation-sweet-music-breathes-in-wave-or/) [Frances Sargent Osgood](https://sms4smile.com/quotes/author/frances-sargent-osgood/) > [I believe if there is a creator it will basically ask me two questions, how well did you enjoy my creation and what did…](https://sms4smile.com/quotes/stanley-victor-paskavich/i-believe-if-there-is-a-creator-it-will-basically-ask-me-two/) [Stanley Victor Paskavich](https://sms4smile.com/quotes/author/stanley-victor-paskavich/) > [With no other choices open to us, we'd turned our gaze seaward. The oceans were our America: they reached farther than any prairie, untamed…](https://sms4smile.com/quotes/carsten-jensen/with-no-other-choices-open-to-us-we-d-turned-our-gaze-seaward-the/) [Carsten Jensen](https://sms4smile.com/quotes/author/carsten-jensen/) > [In the quiet moments of your day, what do you think and do? When you are with your Self and no one else, how…](https://sms4smile.com/quotes/neale-donald-walsch/in-the-quiet-moments-of-your-day-what-do-you-think-and-do-when-you/) [Neale Donald Walsch](https://sms4smile.com/quotes/author/neale-donald-walsch/) > [The creation lives as genesis beneath the visible surface of the work. All intelligent people see this after the fact, but only the creative…](https://sms4smile.com/quotes/paul-klee/the-creation-lives-as-genesis-beneath-the-visible-surface-of-the-work/) [Paul Klee](https://sms4smile.com/quotes/author/paul-klee/) > [When I was in my teens I had a series of intensely religious experiences. 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