3min chapter

The Genius of Thomas Sowell cover image

Sowell's views on Minimum Wage Laws

The Genius of Thomas Sowell

CHAPTER

The Importance of Compassion in Minimum Wage Policies

The issue of compassion is a key driver behind the widespread belief in minimum wage laws. In his 1980 book Basic Economics, So Will has a chapter about minimum wage laws that summarizes his views on the subject. To help us analyze So Will's framework for understanding the intellectual context of minimum wage laws, I've invited a special guest on the show today. His name is Jonathan Mier, and he is a professor of economics at Texas A&M University. He has devoted significant energy to studying minimum wage laws and their actual effects on society. There you have it. Six So Will quotes which enable us to reframe the way we approach concepts like minimum wage Laws.

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