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5 Quotes From Libertarian Politicians on Increasing the Federal Minimum Wage

By    |   Tuesday, 07 Apr 2015 02:07 PM

Libertarians try to reduce the role of government in all areas, including economics. Federal minimum wage laws need to be limited, according to these free market politicians in the Libertarian Party and through the libertarian wing of the Republican Party.

These five quotes show how libertarians feel about increasing the federal minimum wage:

1. Ron Paul, a former congressman from Texas, has run for president as a Libertarian and a Republican. He wrote that increasing the minimum wage appeals to those who don't understand economics, but it actually harms lower-income workers, according to The Washington Times.

Urgent: Do You Think the Minimum Wage Should Be Raised?

"Raising the minimum wage increases the price of labor, thus decreasing the demand for labor," Paul said. "Unskilled and inexperienced workers are the ones most often deprived of employment opportunities by increases in the minimum wage."

2. Paul's son, Sen. Rand Paul of Kentucky, carries on many of his father's libertarian ideas within the Republican Party. He called the minimum wage "temporary," according to Politico.

The senator said, "It's a chance to get started. I see my son come home with his tips. And he's got cash in his hand and he's proud of himself. I don't want him to stop there. But he's working and he's understanding the value of work. We shouldn't disparage that."

3. Gary Johnson introduced some of his libertarian ideas to the public when he was governor of New Mexico and as the Libertarian Party presidential candidate in 2012.

As the owner of a construction business with 1,000 employees, he did not focus on the minimum wage, he told The Huffington Post in a live interview.

"I think the minimum wage is much ado about nothing," he said. "Who ultimately ends up paying for that?"

Vote Now: How Do You Feel About the Minimum Wage?

Instead of risking the loss of jobs for workers and the higher costs for employers, Johnson said, "Let the market place function."

4. Arvin Vohra, vice chair of the Libertarian National Committee, challenged President Obama's call for an increase in the federal minimum wage during the 2015 State of the Union address.

Vohra maintained that increasing the minimum wage takes away educational opportunities for young workers because the hikes kill jobs.

"Many young people develop responsibility and marketable skills in entry-level, minimum-wage jobs,"  Vohra said. "Those skills make workers more attractive to future employers."

5. As state chairman of the Republican Liberty Caucus of South Carolina, Daniel Encarnacion challenged the Republican establishment to make a better case against minimum wage increases.

"If it is too politically toxic to explain a slam-dunk economic argument that a higher minimum wage leads to unemployment — something firmly based on the law of supply and demand — then why are we even busy spinning our wheels?" he wrote in his column titled, Minimum Wage Politics: Challenging the Political Class. 

"If we aren't fighting for principles, then what are we fighting for? Aren't we just all wasting our time? Why donate to and volunteer for a party that is empty and hollow?"

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Libertarians try to reduce the role of government in all areas, including economics. Federal minimum wage laws need to be limited, according to these free market politicians in the Libertarian Party and through the libertarian wing of the Republican Party.
minimum wage, quotes, libertarian, politicians
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2015-07-07
Tuesday, 07 Apr 2015 02:07 PM
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