High mandated minimum wages will throw people out of work and onto the welfare rolls in cases where unemployment benefits exist. When it comes to welfare payments, they obey the laws of economics, too. Indeed, if something - like unemployment - is subsidized, more of it will be produced.
Steve Hanke
Related The pace of consumer spending in the first half was too strong, so it will be slower in the second. ... HIROAKI MUTO When more and more people are thrown out of work, unemployment results. CALVIN COOLIDGE The minimum wage is the black teenage unemployment act. It is the guaranteed way of holding the poor... ARTHUR LAFFER Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in t... WILLIAM VICKREY States with better-educated citizens also see economic benefits. These states have better luck recru... DOUG DUCEY Because tax cuts create an incentive to increase output, employment, and production, they also help ... ARTHUR LAFFER Something did happen, and I really don't feel proud of it. DEYTH BANGER Because what happens is, as the economy suffers, tax revenues go down. But unlike businesses, where ... MEG WHITMAN It is a fact that, if I single out Germany, our rate of growth is too low and we have very high unem... ANGELA MERKEL The eligibility for food stamps has widened and widened; welfare has been widened - unemployment ins... LAWRENCE KUDLOW What this reinforces is the idea that, when it comes to welfare reform, nothing quite works like wor... WADE HORN Tax revenues are going to be lower. Fewer people will have jobs, fewer people will pay income tax, m... PAUL DONOVAN It is difficult to understand precisely what the state hopes to achieve by promoting the creation an... WILLIAM J. BRENNAN, JR. I don't think the unemployment figures fully reflect the situation of seasonal employment in the ret... KATHY LIVELY I don't think anyone's out to get more welfare, but people have the right to work for wages with som... BILL EWING Somehow, the fact that more poor people are on welfare, receiving more generous payments, does not s... IRVING KRISTOL We're pleased that they (USDA inspectors) did go out there but still feel cautious about this situat... LISA WATHNE A minimum wage leads to higher levels of unemployment. STEVE HANKE The state unemployment rate probably won't go much lower than it is. I doubt it will get back to the... BILL MEZGER The real minimum wage is zero unemployment. THOMAS SOWELL If someday they say of me that in my work I have contributed something to the welfare and happiness ... GEORGE WESTINGHOUSE European-style interventions to which the Obama administration is inclined will not make America mor... ELAINE CHAO We're concerned that other states will look at Wisconsin and say, 'Hey, they got their caseload down... MARCUS WHITE Giving Northern Europe a veto over Southern Europe's budgets will not hold a monetary union toge... AUSTAN GOOLSBEE When we give a subsidy, the benefits to the public ought to exceed the benefits to the company. When... JOHN KASICH The most important piece of this package is unemployment and health benefits for unemployed workers,... TOM DASCHLE People become more ignorant when it comes to religion. DANIEL MELGAçO Days in unemployment and days out work are like holidays. MUCOR DEDALIV RALUI We're definitely seeing a trend of fewer individuals filing for unemployment benefits and fewer peop... ANTWON KEITH When some Republican governors asked to try new ways to put people on welfare back to work, the Obam... WILLIAM J. CLINTON Conservatives were sure that if you eliminated welfare for single moms, it would eliminate - or at l... GAIL COLLINS Economics evolved as a more moral and more egalitarian approach to policy than prevailed in its surr... TYLER COWEN Consumers have more buying power due to the continued fall in unemployment, as well as higher wages. DANIEL CHAN The Republicans should worry more about the lousy record they've produced over the last three years ... LACHLAN MCINTOSH We focus sometimes too much on the minimum wage, and we should be talking about living wages and mid... TIM RYAN We will get our people off of welfare and back to work - rebuilding our country with American hands ... DONALD TRUMP The trend for reduced unemployment rates is pleasing but as a government, we still have more work to... BOB BALDWIN The biggest and most deadly 'tax' rate on the poor comes from a loss of various welfare stat... THOMAS SOWELL For our industry, it will mean lower worker benefits and increased employer costs. The bill increase... CLIFF FINCH When we give a subsidy, the benefits to the public ought to exceed the benefits to the company. When... JOHN KASICH It's above what they would normally be getting with their unemployment benefits. MIKELL FRYER What we're putting forward is the most radical reform of the welfare state... for 60 years. I th... DAVID CAMERON We don't have anything in the safety net other than welfare, which is why there's nothing else to ca... DON DRUMMOND Decades of record immigration have produced lower wages and higher unemployment for our citizens, es... DONALD TRUMP Community-based enrollment is the true success story of New York's program, and it has changed peopl... ANNE MARIE The biggest thing is the decline in wages for the low and moderate income people. Part of it is larg... ELIZABETH MCNICHOL Literally, if we took away the minimum wage - if conceivably it was gone - we could potentially virt... MICHELE BACHMANN Name the fears that are holding you back. It's the equivalent of flooding the boogeyman with light. GINA GREENLEE The Laws of Sowing;The sower sows quality seeds,because he knows quality seeds begeths quality harve... DAVID ATTA (A.K.A DAVIED ATTLARS & MR DAIN) The railroads were very aware that this could help them wriggle out of a lot of health and welfare b... CHARLES COLLINS If we keep the calves away from their mothers there is a real risk that dairy production will go out... SIGRID AGENäS The unemployment rates dropped for the right reason -- because there were fewer workers on the unemp... CRISTINA GONZALEZ I have a lot of hard-working, blue-collar people in my district who are at the end of their unemploy... GENE GREEN If you wish to prosper, let your customer prosper... When people have learned this lesson, everyo... FR The welfare of each is bound up in the welfare of all. HELEN KELLER The results of my work don't have much to do with me. I can only be in charge of producing the work ... ELIZABETH GILBERT Next week's jobs report will be key to the income data and need to be watched as much for that reaso... JOEL NAROFF The old welfare system was hurting people by discouraging work and marriage. Welfare reform, and now... JIM TALENT The old welfare system was hurting people by discouraging work and marriage. Welfare reform, and now... JAMES TALENT Enterprise Washington is economic development in areas of high unemployment around the state of Wash... MIKE LOWRY Rising unemployment, ironically, contains good news. It signals people who had given up and dropped ... BILL CHENEY If you don't like it, too bad. Somebody else will, and they will work it and they will be the winner... MARTHA KAROLYI My job was to teach the whole corpus of economic theory, but there were two subjects in which I was ... JAMES MEADE People are starved for the truth, and when something comes along that even looks like the truth, peo... SAM SHEPARD The welfare state is not really about the welfare of the masses. It is about the egos of the elites. THOMAS SOWELL A rise of wages from this cause will, indeed, be invariably accompanied by a rise in the price of co... DAVID RICARDO When large numbers of men are unable to find work, unemployment results. CALVIN COOLIDGE When large numbers of men are unable to find work unemployment results CALVIN COOLIDGE When a great many people are unable to find work, unemployment results. CALVIN COOLIDGE I'm more concerned about the long-term welfare of his wife and daughter if he has to go to Iraq. All... BILL CLARK Unfortunately, the real minimum wage is always zero, regardless of the laws, and that is the wage th... THOMAS SOWELL Our Legislature should be dealing with unemployment and dealing with the state budget problems. They... JOSEPH LUKASIEWICZ When you speak directly at things and don't say you're going to try to do something or that ... J. B. SMOOVE In some rare cases, a friendship between two people benefits both of them, and what’s more, in som... MOKOKOMA MOKHONOANA This will be a centre for one-stop shopping, something I hope will be repeated across the city to re... LARRY CAMPBELL Unemployment is sufficiently high, and the economy has just come out of a relatively mild recession,... CHARLES LIEBERMAN Ninety percent of these people come to work, not to commit crimes or be on welfare. LUIS SANCHEZ If you wish to prosper, let your customer prosper.When people have learned this lesson, everyone wil... FREDERIC BASTIAT More of our budget will have to shift to the welfare families. What Congress is doing is going to ma... CHRIS DUGGAN When a man takes one step toward God, God takes more steps toward that man than there are sands in t... THE WORK OF THE CHARIOT While others may get distracted, I will continue to focus on the problem of unemployment and seek to... TIM GRIFFIN The business community needs to continue to take the lead to move those still on welfare into jobs. ... ELI SEGAL The Great Depression, like most other periods of severe unemployment, was produced by government mis... MILTON FRIEDMAN I think (wages) will level off, but it will never be a minimum-wage market again. GLEN HELTON Many people inside the church think God cares only that we obey. In fact, many believe that it is ev... TULLIAN TCHIVIDJIAN I don't know if I have a favorite color. KATE MIDDLETON It's very special having a new little girl. KATE MIDDLETON There are still a lot of cases in the world where you order something and then you see 'Delivery wil... JOHN PATRICK More broadly, we are going to have to examine the safety net programs to make sure they are poised t... RICHARD NEAL In the middle of a recession, where we're just climbing out of it, where the economy -unemployme... JOE BIDEN While the unemployment rate is declining, it might be more exaggerated than the reality. MICHELE HIESTER That will hit the unemployment figures next month. DAVE SPAUR Moreover, the four motors of consumption -- that is wages, inflation, unemployment and consumer conf... EMMANUEL FERRY There is talk that the unemployment rate will fall to a new cycle low of 4.6 percent. ALEX LI People are eligible for disaster assistance if they are not eligible for regular unemployment benefi... GERALDINE CONRAD When you create an economy where you subsidize corporate profits through a welfare program and food ... MARTIN O'MALLEY Exxon is a good corporate citizen but it does not work for the welfare of the country. FADEL GHEIT Depend not on another, but lean instead on thyself...True happiness is born of self-reliance. THE LAWS OF MANU This will lead to rising unemployment levels in Germany. IAN HARNETT Bad schools, crime, drugs, high taxes, the social security mess, racism, the health care ? crisis? u... LARRY ELDER
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