Sowell's views on Minimum Wage Laws
The Genius of Thomas Sowell
The Importance of Minimum Wage Laws
I think it's helpful in some cases, but people might take advantage most of the time to pay you only the minimum. Do you think minimum wages cause unemployment or any negative consequences? The reasonable logic has proven that it's not true. It's ideology.
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Basic Books (Sowell's publisher) is teaming up with The Genius of Thomas Sowell Podcast to offer listeners a chance to win 4 Sowell books. Enter at SowellBooks.com for a chance to win!
In this episode we explore Thomas Sowell's views on Minimum Wage Laws.
I know, I know, it's not the most exciting subject.
But I chose this topic because it represents the perfect intersection of many of Sowell's broader approaches to analyzing important social questions. This episode will dive into some key themes of Sowell's worldview. In a fun way.
We've got:
• A clip from Victor Davis Hanson talking about Thomas Sowell rarely coming to the office. Victor Davis Hanson website HERE.
• Charles Murray and Gad Saad talking about Sowell's poor background and why it might have been an advantage to his later career. Episode HERE.
• Interviews with CalTech students and faculty talking about why they believe in minimum wage laws;
• An in depth conversation with an award winning economist who has spent many years studying the effects of minimum wage laws on society. His name is Dr. Jonathan Meer.
Yes, we threw the kitchen sink at this topic and we hope you find the show both entertaining and stimulating!
Here are some useful resources to help enjoy the show:
1) LINK to Thomas Sowell's chapter in "Basic Economics" where he discusses minimum wage laws. Try to read this before listening to the episode, if possible, but I summarize.
2) LINK to all the Sowell quotes referred to in the episode.
3) Info about our guest economist Dr. Jonathan Meer:
Dr. Meer received his Bachelors degree in Economics from Princeton University and his PhD from Stanford. He’s been a professor at Texas A&M University since 2009 and was tenured there in 2014. He is now the Mary Julia and George R Jordan Professor of Public Policy in the economics department and was recently awarded the University Professorship for Undergraduate Teaching Excellence. He teaches an online principles of microeconomics course that reaches nearly 3,000 Texas A&M undergraduates per year. LINK.
4) TomSowell.com is the show website, chock full of useful information.
5) Thomas Sowell quotes sticky post it notes are still in stock! Each pad has 50 different Sowell quotes to stick around the house as a daily inspiration or as a way to introduce your friends and family to Sowell's ideas. We are offering listeners one pad for free; no catch, no gimmicks. Just email us your mailing address and we'll send one to you. You can find photos of the post it notes HERE. Email your mailing address to WolanAlan@gmail.com, please put the word "Sowell" in the subject line.
6) If you’d like to participate in this podcast, make a comment or ask a question, just record your comment or question using the Voice Memos app on your smartphone, then email the recording to me at WolanAlan@gmail.com. On a future episode I’ll play your c
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