The Genius of Thomas Sowell cover image

Sowell's views on Minimum Wage Laws

The Genius of Thomas Sowell

CHAPTER

The Problem With Wealth Inequality

The number of dollars involved are just not very large. They almost certainly don't come from the people in the top 1% of the wealth distribution. Wealth distribution is heavily driven by age and assumptions about social security value. The minimum wage is it's not a policy to solve inequality that gets thrown on there, even by economists who should know better.

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