The minimum wage law very cleverly is misnamed. The real minimum wage is zero. That is what many inexperienced and low skilled people receive as a result of legislation that makes it illegal to pay them what they are currently worth to an employer.
Thomas SowellDo countries with strong gun control laws have lower murder rates? Only if you cherry-pick the data.
Thomas SowellHigh tax rates that people don't actually pay do not bring the government as much revenue as lower tax rates that they do pay.
Thomas SowellEconomics is a study of cause-and-effect relationships in an economy. It's purpose is to discern the consequences of various ways of allocating resources which have alternative uses. It has nothing to say about philosophy or values, anymore than it has to say about music or literature.
Thomas Sowell