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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

Compulsory unions raise wages but hurt rest of society

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. For years, the unions supported these measures and sundry welfare legislation, apparently in the belief that the costs would be paid by taxes imposed on the rich. The growth of inflation has shown that the major victim of government spending and of taxation is the middle class. Organized labor is part of the middle class--and the actual value of labor's forced "social gains" is now being wiped out.
Source: The Ayn Rand Letter, I/23/2, by Ayn Rand , Jan 1, 1979

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