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“The advocates of the minimum wage and its periodic boosting
reply that all this is scare talk and that minimum wage rates
do not and never have caused any unemployment. The proper
riposte is to raise them one better; all right, if the
minimum wage is such a wonderful anti-poverty measure, and
can have no unemployment-raising effects, why are you such
pikers? Why you are helping the working poor by such piddling
amounts? Why stop at $4.55 an hour? Why not $10 an hour?
$100? $1,000?

It is obvious that the minimum wage advocates do not pursue
their own logic, because if they push it to such heights,
virtually the entire labor force will be disemployed. In
short, you can have as much unemployment as you want, simply
by pushing the legally minimum wage high enough.”

~Murray Rothbard

mises.org/library/outlawing-jobs-minimum-wage

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h/t dr0id

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