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“Because a person has to be either working or looking for work to be counted as part of the labor force, an increase in the number of people too discouraged to continue their search for work would reduce the unemployment rate, all else being equal - but not for a positive reason.”
Ben Bernanke“Unfortunately, the real minimum wage is always zero, regardless of the laws, and that is the wage that many workers receive in the wake of the creation or escalation of a government-mandated minimum wage, because they lose their jobs or fail to find jobs when they enter the labor force. Making it illegal to pay less than a given amount does not make a worker’s productivity worth that amount—and, if it is not, that worker is unlikely to be employed.”
Thomas Sowell, Basic Economics: A Citizen's Guide to the Economy“Sadly, in our technological, impersonal, and avaricious consumer society, people merely hold on to jobs. They put in their time, leave at the five o'clock bell, pick up their pay checks, and leave the whole business behind them. Work, for so many, becomes a necessary evil. They go at it grudgingly, at best resignedly. It is hard to fault them; the stressful conditions and uncertainty under which so many workers labor force them into an adversarial relationship with their occupations and employers.”
Robert Dykstra, She Never Said Good-Bye