"Critics of a rise in the minimum wage argue that jobs would be destroyed, and in some cases they are probably correct. But many of those threatened jobs are exactly the ones that should have no place in an affluent, developed society like the United States, which should not attempt to compete with Mexico or India in low-wage industries."
"An open border is both a national security threat and an economic threat that our country cannot ignore...Adding millions of workers to the labor market will force wages to fall and jobs to be lost."
"Labor is a scarce factor of production," wrote economist Ludwig von Mises. "As such it is sold and bought on the market. The price paid for labor is included in the price allowed for the product or the services if the performer of the work is the seller of the product or the services."
"Labor is very different in quality, and each kind of labor renders specific services...each is appraised as a complementary factor for turning out definite consumers' goods and services."
"The Secretary, to the extent necessary to prevent curtailment of opportunities for employment, shall by regulation or order provide for the employment, under special certificates, of individuals...whose earning or productive capacity is impaired by age, physical or mental deficiency, or injury, at wages which are lower than the minimum wage."
"McDonald's and fast-food places would probably have to raise their prices by 8 or 9%, something like that. Agricultural products that are American-grown would go up by less than 2% on the grocery shelves. And those sorts of price increases are so small that they would be almost unnoticed in most cases by the consumer."
"It's hard to live in this city on $7.45 or $8.25 an hour. I've lived here all my life, and I want to stay here. In the end, I'm just glad Wal-Mart's here. I might get a job."