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Sowell's views on Minimum Wage Laws

The Genius of Thomas Sowell

CHAPTER

The Importance of Supply and Demand in the Labor Market

Texas A&M economics professor says teen employment has fallen off a cliff in the last 15 or 20 years. Teenage employment is one of the first margins that people really look at, but it's more about inexperienced or low skill employment than high school dropout wages. "I saw a sign in Utah this summer McDonald's was hiring at $18 an hour in Moab, Utah"

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