MINIMUM WAGE | Thomas Sowell | STRAIGHT LINE LOGIC

From Thomas Sowell, (born 1930),  American economist, social theorist, political philosopher, and author, Basic Economics: A Citizen’s Guide to the Economy (2014):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.

Source: He Said That? 12/17/16 | STRAIGHT LINE LOGIC

Author: Lisa the Infidel

I am an #Infidel - born and bred North Carolina.

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