"Well, jobs are a great thing. You have to be a bit careful: If you raise the minimum wage, you’re encouraging labor substitution and you’re going to go buy machines and automate things - or cause jobs to appear outside of that jurisdiction. And so within certain limits, you know, it does cause job destruction. If you really start pushing it, then you’re just making a huge trade-off."

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Source: One-on-One with Bill Gates. Interview with Peter Jennings, abcnews.go.com. Feb. 16, 2005.

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Bill Gates

Business Magnate, Philanthropist

Bill Gates is a technology entrepreneur and philanthropist known for co-founding Microsoft and his significant contributions to global health and education.

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