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Steve Hanke Quote: 'A minimum wage leads to higher ...'

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It has now been over 7 years since Congress last raised the minimum wage to its current level of $5.15 per hour. Since that last increase, Congress's failure to adjust the wage for inflation has reduced the purchasing power of the minimum wage to record low levels.
Jon Corzine
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The real minimum wage is zero.


Thomas Sowell
Tags: Real Zero Minimum
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No person can maximize the American Dream on the minimum wage.


Benjamin Todd Jealous
Home Depot has never hired one human being for minimum wage, not one. We have always paid a premium over minimum wage.
Kenneth Langone
Tags: Home Always Never
No family gets rich from earning the minimum wage. In fact, the current minimum wage does not even lift a family out of poverty.
Jon Corzine
Tags: Family Out Even
Many unions have contracts with employers that are based on a multiple of the prevailing minimum wage. If the minimum wage goes up, union salaries go up by a similar percentage.
Neal Boortz
Tags: Up Go Many
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Ohio is one of only two states that have a minimum wage below the federal level of $5.15 an hour.


Sherrod Brown
Tags: Only Two States
When I started in the business, the minimum wage was $1.25. I've seen an enormous number of wage increases. Basically, it applies evenly to everyone in the business.
Fred DeLuca
If I were in charge of the government, I would index the minimum wage to inflation, so that way, everybody knows what they can count on.
Fred DeLuca
The typical minimum wage earner is a provider and a breadwinner - most likely a woman - responsible for paying bills, running a household and raising children.
Thomas Perez
I thought in this country, the best social program was a job. Yet minimum wage jobs aren't paying enough to keep families out of poverty.
Barbara Mikulski
Tags: Best Out Thought
Raising the minimum wage seems to all economists to, at the very least, fail to 'raise' employment, and we'd all like to see better inclusion of low-skilled workers into good-paying jobs.
Edmund Phelps
Tags: Like Very See
I thought I was answering a question that I had heard that was about increasing the minimum wage - would I consider that. So let me just go on record and say this: I am not for decreasing the minimum wage. I did not say that and that is not something I would consider.
Linda McMahon
Tags: Me About Just
Thousands of Ohio families are going deeper and deeper in debt just trying to pay their heating bills, fill prescriptions, and buy groceries. The current minimum wage is simply not enough.
Sherrod Brown
Tags: Just Going Trying
Plain and simple, Congress must act to meet the needs of our constituents. We can do that by strengthening families, increasing the minimum wage, and ensuring equal pay for equal work.
Paul Tonko
Tags: Work Our Must
Full-time workers earning the current federal minimum wage of $7.25 only earn about $14,500 a year in wages - below the poverty line for a family of two. That's unacceptable.
Thomas Perez
Tags: Family About Only
I was making almost minimum wage on 'The Young and the Restless.' But it was my first job, so I accepted my first quote. I had a great time on it, and it obviously led me to better things.
Eva Longoria
Tags: Time Great Me
Raising the minimum wage to $10.10 will benefit about 28 million workers across the country. And it will help businesses, too - raising the wage will put more money in people's pockets, which they will pump back into the economy by spending it on goods and services in their communities.
Thomas Perez
Certainly other things we can do, we gotta promote after-school employment, give kids an opportunity, raising the minimum wage was part of that, we can't expect that young people are going to feel they can make a living out there for such low wages.
Matt Gonzalez
Tags: People Out Things
The most insidious thing about trickle-down economics is not the claim that if the rich get richer, everyone is better off. It is the claim made by those who oppose any increase in the minimum wage that if the poor get richer, that will be bad for the economy. This is nonsense.
Nick Hanauer
Tags: About Who Get