Thomas Sowell Quote
“The real minimum wage is zero — and that is what many inexperienced and low-skilled people receive as a result of legislation that makes it illegal to pay them what they are currently worth to an employer.”
Controversial Essays (2002 edition), Hoover Press - ISBN: 9780817929930
Born: June 30, 1930 (age 86)
Bio: Thomas Sowell is an American economist, social theorist, political philosopher, and author. A National Humanities Medal winner, he advocates laissez-faire economics and writes from a conservative and libertarian perspective. He is currently the Rose and Milton Friedman Senior Fellow on Public Policy at the Hoover Institution, Stanford University.
Quote of the day
“What is Nature? An encyclopedical, systematic Index or Plan of our Spirit. Why will we content us with the mere catalogue of our Treasures? Let us contemplate them ourselves, and in all ways elaborate and use them.”