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Milton Friedman Quotes: A minimum-wage law is, in reality, a law that makes it illegal for an employer to hire a person with limited skills.
         

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
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Other quotes of Milton Friedman


A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.

A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.



If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.

If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.



Underlying most arguments against the free market is a lack of belief in freedom itself.

Underlying most arguments against the free market is a lack of belief in freedom itself.



You cannot be sure that you are right unless you understand the arguments against your views better than your opponents do.

You cannot be sure that you are right unless you understand the arguments against your views better than your opponents do.



The essential notion of a capitalist society ... is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.

The essential notion of a capitalist society ... is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.



I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.

I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.



The great advances of civilization, whether in architecture or painting, in science or literature, in industry or agriculture, have never come from centralized government.

The great advances of civilization, whether in architecture or painting, in science or literature, in industry or agriculture, have never come from centralized government.



Nothing is so permanent as a temporary government program.

Nothing is so permanent as a temporary government program.



You cannot simultaneously have free immigration and a welfare state.

You cannot simultaneously have free immigration and a welfare state.



The government solution to a problem is usually as bad as the problem.

The government solution to a problem is usually as bad as the problem.





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Never let anyone distract your focus from accomplishing great opportunities in your life .

Never let anyone distract your focus from accomplishing great opportunities in your life .



I had rather be hissed for a good verse than applauded for a bad one.

I had rather be hissed for a good verse than applauded for a bad one.



We must ensure that technology is accessible, affordable, and adds value.

We must ensure that technology is accessible, affordable, and adds value.



If I had been on 'Bowling for Dollars', I'd wind up owing them money.

If I had been on 'Bowling for Dollars', I'd wind up owing them money.



There is a certain aesthetic pleasure in trying to imagine the unimaginable and failing, if you are a reader.

There is a certain aesthetic pleasure in trying to imagine the unimaginable and failing, if you are a reader.



Actually, I have to say that I don't believe in having a sexual realtionship outside of marriage.

Actually, I have to say that I don't believe in having a sexual realtionship outside of marriage.



They say that most airline seats on planes today are meant for 170-pound passengers. The last time the average American weighed 170 pounds, the Wright Brothers were flying the plane.

They say that most airline seats on planes today are meant for 170-pound passengers. The last time the average American weighed 170 pounds, the Wright Brothers were flying the plane.



The thing is, it has to do with heart - we have to understand what hearts are for before we can get back to heaven or paradise or the power in our minds.

The thing is, it has to do with heart - we have to understand what hearts are for before we can get back to heaven or paradise or the power in our minds.



That's a beautiful purse. I carry a satchel.

That's a beautiful purse. I carry a satchel.



The students realize that it's their life I'm talking about: it's out of balance, they're struggling to put it into balance. How are they going to do it?

The students realize that it's their life I'm talking about: it's out of balance, they're struggling to put it into balance. How are they going to do it?




Quote Description


This page presents the quote "A minimum-wage law is, in reality, a law that makes it illegal for an employer to hire a person with limited skills.". Author of this quote is Milton Friedman. This quote is about minimum, reality, law, skills, illegal,.