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Ayn Rand on Jobs

 


Unemployment results from minimum wage laws

The artificially high wages forced on the economy by compulsory unionism imposed economic hardships on other groups--particularly on non-union workers and on unskilled labor, which was being squeezed gradually out of the market. Today's widespread unemployment is the result of organized labor's privileges and of allied measures such as minimum wage laws.
Source: The Ayn Rand Lexicon, by Harry Binswanger, p.513 , Jan 1, 1988

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Page last updated: Jul 06, 2014