FastSaying

Raising the minimum wage seems to all economists to, at the very least, fail to 'raise' employment, and we'd all like to see better inclusion of low-skilled workers into good-paying jobs.

Edmund Phelps

Edmund Phelps

BetterEconomistsEmploymentFailInclusionJobsLikeMinimumMinimum WageRaiseRaisingSeeSeemsVeryWageWorkers

Related Quotes

Unfortunately, the real minimum wage is always zero, regardless of the laws, and that is the wage that many workers receive in the wake of the creation or escalation of a government-mandated minimum wage, because they lose their jobs or fail to find jobs when they enter the labor force. Making it illegal to pay less than a given amount does not make a worker’s productivity worth that amount—and, if it is not, that worker is unlikely to be employed.
— Thomas Sowell
employmentjobsminimum-wage
Raising the minimum wage isn't just pro-worker; it's pro-economic growth.
— Thomas Perez
GrowthJustMinimum
I don't know of a single economist who disagrees that when you raise the minimum wage, you kill jobs for the poor.
— Newt Gingrich
EconomistJobsKnow
What I want to do is create jobs that make the minimum wage irrelevant.
— Thom Tillis
CreateIrrelevantJobs
The real minimum wage is zero.
— Thomas Sowell
MinimumMinimum WageReal