Minimum Wage Madness: Part II

By Thomas Sowell - September 17, 2013

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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...

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Thomas Sowell

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