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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

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The High Rate Of Unemployment Among Teenagers,

Milton Friedman

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.

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    <p style="font-size: 1.2rem; font-style: italic; margin-bottom: 10px;">"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."</p>
    <footer style="font-size: 1rem; font-weight: bold;">— Milton Friedman</footer>
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Topic

Teenager Book Social Unrest

More From Milton Friedman

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.

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

In the name of christ, i refuse to be anti-gay. i refuse to be anti-feminist. i refuse to be anti-artificial birth control. i refuse to be anti-democrat. i refuse to be anti-secular humanism. i refuse to be anti-science. i refuse to be anti-life. in the name of christ, i quit christianity and being christian. amen.

Sharp increases in the minimum wage rate are also inflationary. frequently workers paid more than the minimum gauge their wages relative to it. this is especially true of those workers who are paid by the hour. an increase in the minimum therefore increases their demands for higher wages in order to maintain their place in the structure of wages. and when the increase is as sharp as it is in h.r. 7935, the result is sure to be a fresh surge of inflation.

[a] family with two kids that earns the minimum wage still lives below the poverty line. that's wrong. that's why, since the last time this congress raised the minimum wage, 19 states have chosen to bump theirs even higher. tonight, let's declare that in the wealthiest nation on earth, no one who works full-time should have to live in poverty, and raise the federal minimum wage to $9 an hour.

Laws, it is said, are for the protection of the people. it's unfortunate that there are no statistics on the number of lives that are clobbered yearly as a result of laws: outmoded laws; laws that found their way onto the books as a result of ignorance, hysteria or political haymaking; antilife laws; biased laws; laws that pretend that reality is fixed and nature is definable; laws that deny people the right to refuse protection. a survey such as that could keep a dozen dull sociologists out of mischief for months.

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