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 workerโs productivity worth that amountโand, if it is not, that worker is unlikely to be employed.
Thomas SowellOne of the common failings among honorable people is a failure to appreciate how thoroughly dishonorable some other people can be, and how dangerous it is to trust them.
Thomas SowellThe fact that the market is not doing what we wish it would do is no reason to automatically assume that the government would do better.
Thomas Sowell[Con] men have long known . . . that their job is not to convince skeptics but to enable the gullible to continue to believe what they want to believe.
Thomas Sowell