Murray Rothbard on Minimum Wages and Unemployment

„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 RothbardMurray Rothbard discusses minimum wage laws, unemployment, and their potential effects on low-skilled workers.
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Murray Rothbard was an American economist, historian, and political philosopher known for his contributions to libertarian theory and anarcho-capitalism.

In this economic commentary, Rothbard criticizes the potential employment effects of statutory minimum wages.


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Murray Rothbard discussing the relationship between minimum wage laws and unemployment

Murray Newton Rothbard (1926–1995) was an American economist, historian, and political philosopher considered one of the leading figures in anarcho-capitalism and the libertarian movement. He was a prominent critic of government intervention in economy and society and authored numerous influential works on free market economics, monetary theory, and political philosophy.

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