Advertisement

Minimum Wage Madness: Part II

By Thomas Sowell - September 17, 2013

RCP Comment Policies

A survey of American economists found that 90 percent of them regarded minimum wage laws as increasing the rate of unemployment among low-skilled workers. Inexperience is often the problem. Only about 2 percent of Americans over the age of 24 earned the minimum wage. Advocates of minimum wage laws usually base their support of such laws on their estimate of how much a worker "needs" in order to...

(Read Full Article)

Thomas Sowell

Author Archive

Follow Real Clear Politics

Latest On Twitter