Minimum Wage Law Quotes & Sayings

The high rate of unemployment among teenagers, and especially black teenagers, is both a scandal and a serious source of social unrest. Yet it is largely a result of minimum wage laws. We regard the minimum wage law as one of the most, if not the most, anti-black laws on the statute books. — Milton Friedman

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 or free enterprise as one can get. That's why it causes so much damage and destruction, especially to black teenagers and others whose labor, for one reason or another, is valued by employers at less than the government-established minimum wage. — Jacob G. Hornberger

Working-class Americans have waited too long, close to a decade in fact, for an increase in the minimum wage. This has been the second longest period without a pay raise since the Federal minimum wage law was first enacted in 1938. — Bill Pascrell

The minimum wage law very cleverly is misnamed. The real minimum wage is zero. That is what many inexperienced and low skilled people receive as a result of legislation that makes it illegal to pay them what they are currently worth to an employer. — Thomas Sowell

Federal laws, including those that made so many people immigrate without documents, gutted the enforcement power of the Department of Labor and created a lower minimum wage for tipped workers than for everybody else, reinforcing the industry's — Rinku Sen

The real tragedy of minimum wage laws is that they are supported by well-meaning groups who want to reduce poverty. But the people who are hurt most by higher minimums are the most poverty stricken. — Milton Friedman

I am convinced that the minimum-wage law is the most anti-Negro law on our statute books in its effect, not its intent. — Milton Friedman

Minimum-wage laws are one of the most powerful tools in the arsenal of racists. — Walter E. Williams

To the second end, we hold that minimum wage commissions should be established in the Nation and in each State to inquire into wages paid in various industries and to determine the standard which the public ought to sanction as a minimum; and we believe that, as a present installment of what we hope for in the future, there should be at once established in the Nation and its several States minimum standards for the wages of women, taking the present Massachusetts law as a basis from which to start and on which to improve. — Theodore Roosevelt

This [minimum wage] legislation, passed by the 81st Congress at its first session, is an important addition to the laws we live by. It is a measure dictated by social justice. It adds to our economic strength. It is founded on the belief that full human dignity requires at least a minimum level of economic sufficiency and security. — Harry S. Truman

Why, when the economist gives advice to his society, is he so often cooly ignored? He never ceases to preach free trade, and protectionism is growing in the United States. He deplores the perverse effects of minimum wage laws, and the legal minimum is regularly raised each 3 or 5 years. He brands usury laws as a medieval superstition, but no state hurries to repeal its law. — George Stigler

A general flat minimum-wage law for all industry is permissible, but I do not think that it is a particularly wise method of achieving the end. I know much better methods of providing a minimum for everybody. But once you turn from laying down a general minimum for all industry to decreeing particular and different minimum for different industries, then, of course, you make the price mechanism inoperative, because it is no longer the price mechanism which will guide people between industries and trades. — Friedrich August Von Hayek

Unlike side issues like unemployment, unions, and minimum-wage laws, the subject of work itself is almost entirely absent from libertarian literature. Most of what little there is consists of Randite rantings against parasites, barely distinguishable from the invective inflicted on dissidents by the Soviet press ... — Bob Black

But I also want to give them a pathway so that they can earn citizenship, earn a legal status, start learning English, pay a significant fine, go to the back of the line, but they can then stay here and they can have the ability to enforce a minimum wage that they're paid, make sure the worker safety laws are available, make sure that they can join a union. — Barack Obama

I was more than anything a radical. I was more sympathetic to Malcolm X than Martin Luther King because Malcolm X was more of a radical who was willing to confront discrimination in ways that I thought it should be confronted, including perhaps the use of violence. But I really just wanted to be left alone. I thought some laws, like minimum-wage laws, helped poor people and poor black people and protected workers from exploitation. I thought they were a good thing until I was pressed by professors to look at the evidence. — Walter E. Williams

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

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

The record is replete with witnesses reporting that they were intimidated
by various authorities. Could all of them, unconnected and unknown to
each other, be having the same fantasies? And if the threats were real, the
obvious question is: why would any law enforcement officer at any level,
or any anonymous phone caller, for that matter, threaten someone if the
assassination was the result of a random act by a lone nut that was no longer
alive? But this is akin to asking why any information about the murder
of John F. Kennedy was ever withheld, let alone still withheld after fifty
years, on the grounds of "national security" if Lee Harvey Oswald was a
minimum-wage loser, with no conspirators, who was out to impress his
estranged wife. — Donald Jeffries

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 boss was trying to say? Hey if I could pay you less, I would, but it's against the law. — Chris Rock

Of course, such judicial misconstruction theoretically can be cured by constitutional amendment. But the period of gestation of a constitutional amendment, or of any law reform, is reckoned in decades usually; in years, at least. And, after all, as the Court itself asserted in overruling the minimum-wage cases, it may not be the Constitution that was at fault. — Robert H. Jackson

Yet it ought to be clear that a minimum wage law is, at best, a limited weapon for combatting the evil of low wages, and that the possible good to be achieved by such a law can exceed the possible harm only in proportion as its aims are modest. The more ambitious such a law is, the larger the number of workers it attempts to cover, and the more it attempts to raise their wages, the more likely are its harmful effects to exceed its good effects. — Henry Hazlitt

Minimum wage laws make it illegal for a worker to accept a job that pays less, even if the worker needs that job. — Peter Schiff

Reduced employment opportunities is one effect of minimum wage legislation. The minimum wage law has imposed incalculable harm on the disadvantaged members of our society. The only moral thing to do is to repeal it. — Walter E. Williams

Minimum wage laws tragically generate unemployment, especially among the poorest and least skilled or educated workers ... Because a minimum wage, of course, does not guarantee any worker's employment; it only prohibits, by force of law, anyone from being hired at the wage which would pay his employer to hire him. — Murray Rothbard