Friedrich Hayek Quotes

A minimum wage leads to higher levels of unemployment.

I am quite uncomfortable using legislation to peg the minimum wage.

I do not support a federal minimum wage. I think every state has a different economy, a different cost of living. I don't believe that's the role of the federal government.

Some states are doing better than others. Some states naturally have stronger economies. So it's not as simple as saying, 'Let's go to $15.' If you do it wrong, you can hurt the very people you're trying to help.

One of the great constraints on economic growth and employment is that the tax and benefits system has grown up over generations and does not give the right incentives. Increasing the minimum wage does not solve this problem.

I'm more concerned about maximum wages, not minimum wages.

The Trump plan is a different plan. It's a you're fired plan. And there's two key elements to it. First, Donald Trump said wages are too high. And both Donald Trump and Mike Pence think we ought to eliminate the federal minimum wage.

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 mode.

I think the minimum wage will be the centerpiece of the State of Union. I think it should be the centerpiece of the State of the Union. And it should be very focused on that because, as you said, Republicans in the rest of the country are for it.

We want free markets, but the markets are not going to take care of themselves in all cases.

We should not have the U.S. government buying stock in American industries - the financial industry or any other industry.

Lawmakers zealously guard their prerogatives, and as much as some might oppose a minimum-wage increase, they will not want to see the issue taken out of their hands.

Social Security, which transformed life for the elderly in this country, was 'socialist.' The concept of the 'minimum wage' was seen as a radical intrusion into the marketplace and was described as 'socialist.'

We will always be a fair wage nation in a low wage region.

While Donald Trump believes in huge tax breaks for billionaires, he believes that states should actually have the right to lower the minimum wage below $7.25. What an outrage!

Expanding the EITC can get us close to a universal basic minimum income.

I've made it very clear that the government should get out of the business of trying to affect the markets, of trying to pick winners and losers.

Subsidies should never be a permanent feature of any market. They should be introduced only to address market failure and they should be withdrawn gradually as those distortions in the market are addressed.

Standing athwart ineffective, feel-good legislation shouting, 'Stop!' is seen as a betrayal of those struggling to get their footing on the lowest rung of the economic ladder. Yet raising the minimum wage hacks the lowest rungs off the ladder altogether. But economic logic doesn't wash with liberals who are intent on inflaming class warfare.

Our minimum wage is too low. So we need to raise it.

If you are trying to favor the unions by having more rigid labor market and keeping wages very high, you could be blocking people from getting new jobs.

If you're fighting against a minimum wage increase, you're fighting an uphill battle, because most Americans, even most Republicans, are okay with raising the minimum wage.

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.

Don't let anybody tell you that raising the minimum wage will kill jobs.

I grew up working for the minimum wage at Hardee's and knows first hand how important the minimum wage is. I support a state based minimum wage so every state can set their own minimum wage based on their cost of living.