Milton Friedman on employment
Milton Friedman74 quotes“A minimum-wage law is, in reality, a law that makes it illegal for an employer to hire a person with limited skills.”
More from Milton Friedman
The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.
Milton FriedmanMilton Friedman The unions might be good for the people who are in the unions but it doesn’t do a thing for the people who are unemployed. Because the union keeps down the number of jobs, it doesn’t do a thing for them.
Milton FriedmanMilton Friedman The power to do good is also the power to do harm.
Milton FriedmanMilton Friedman There’s no doubt in my mind that Ronald Reagan was by far the greatest. Because he had real principles and he stuck by them. He made clear what he was going to do, and he did it. He didn’t back down.
Milton FriedmanMilton Friedman We have a system that increasingly taxes work and subsidizes nonwork.
Milton FriedmanMilton Friedman The real tragedy of minimum wage laws is that they are supported by well-meaning groups who want to reduce poverty. But the people who are hurt most by higher minimums are the most poverty stricken.
Milton FriedmanMilton Friedman Freedom is a rare and delicate plant. Our minds tell us, and history confirms, that the great threat to freedom is the concentration of power.
Milton FriedmanMilton Friedman Society doesn’t have values. People have values.
Milton FriedmanMilton Friedman The combination of economic and political power in the same hands is a sure recipe for tyranny.
Milton FriedmanMilton Friedman You cannot be sure that you are right unless you understand the arguments against your views better than your opponents do.
Milton FriedmanMilton Friedman I’m in favor of legalizing drugs. According to my values system, if people want to kill themselves, they have every right to do so. Most of the harm that comes from drugs is because they are illegal.
Milton FriedmanMilton Friedman You know there are very few Marxists left in the world they’re all in American universities.
Milton FriedmanMilton Friedman Every person shall be free to do good at his own expense.
Milton FriedmanMilton Friedman With respect to teachers’ salaries …. Poor teachers are grossly overpaid and good teachers grossly underpaid. Salary schedules tend to be uniform and determined far more by seniority.
Milton FriedmanMilton Friedman The government solution to a problem is usually as bad as the problem.
Milton FriedmanMilton Friedman Only a crisis, actual or perceived, produces real change.
Milton FriedmanMilton Friedman
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More on employment
The European Central Bank has only the first. It has no commitment to keep employment up.
Noam ChomskyNoam Chomsky In Britain, what we’ve done is say to 485 million people, ‘You can all come, every one of you. You’re unemployed? You’ve got a criminal record? Please come. You’ve got 19 children? Please come.’ We’ve lost any sense of perspective on this.
Nigel FarageNigel Farage It’s a European Union of economic failure, of mass unemployment and of low growth.
Nigel FarageNigel Farage To the security of employment at working age, to the challenge of accumulating for retirement.
Alan M. TaylorAlan M. Taylor Nonetheless, GAO’s conclusion that employer sanctions had somehow caused employment discrimination was contradicted by GAO’s own Chief of Methodology, who criticized the GAO report.
Alan Kooi SimpsonAlan Kooi Simpson How could I, blest with thee, long nights employ; And how with the longest day enjoy!
TibullusTibullus It is impossible for men engaged in low and groveling pursuits to have noble and generous sentiments. A man’s thought must always follow his employment.
DemosthenesDemosthenes Medicine is not merely a science but an art. The character of the physician may act more powerfully upon the patient than the drugs employed.
ParacelsusParacelsus
