"Women, teen-agers, Negroes and particularly Negro teen-agers, will be especially hard hit. I am convinced that the minimum-wage law is the most anti-Negro law on our statute books—in its effect not its intent. It is a tragic but undoubted legacy of the past—and one we must try to correct—that on the average Negroes have lower skills than whites. Similarly, teen-agers are less skilled than older workers. Both Negroes and teen-agers are only made worse off by discouraging employers from hiring them. On the-job training—the main route whereby the unskilled have become skilled—is thus denied them."
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Original Language: English
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Sources
Milton Friedman, “Minimum-Wage Rates”, Newsweek, 26 September 1966, reprinted in An Economist's Protest: Columns in Political Economy (1972)
https://en.wikiquote.org/wiki/Minimum_wage
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Minimum wage
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