Minimum Wage Laws Tragically Generate Unemployment, Especially So 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

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Minimum Wage Laws Tragically Generate

Murray Rothbard

Minimum Wage Laws Tragically Generate Unemployment, Especially So 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.

Topic

Law

Doe

Unemployment

The General Theory Was Not Truly Revolutionary At All But Merely Old And Oft-refuted Mercantilist And Inflationist Fallacies Dressed Up In Shiny New Garb, Replete With Newly Constructed And Largely Incomprehensible Jargon.

Jargon

Revolutionary

Theory