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Sowell's views on Minimum Wage Laws

The Genius of Thomas Sowell

CHAPTER

How to Doubt Higher Minimum Wages Lead to Less Employment

LZ Granderson: How can anybody even doubt that higher minimum wages lead to less employment? LZ: To me, it seems so intuitively obvious that I can't believe that you could find an intelligent person that doubts that. LZ: If we raise the minimum wage to $200 an hour is there any economist that would doubt that that would eliminate jobs? Probably not. So no, I don't think that you could finding anyone who would would make that argument.

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