What is wrong with Thomas Sowell's perspective on the minimum wage?

StatUS

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That article doesn't really agree with your statement because you can't really make that assumption based on the data given.

Something better would be showing median incomes of the poor in the US compared to the rest of world. At that point we'd be near the top but not number one. But considering how much more money this country has than others and considering the current income gap it should be much better for the poor and the middle class for that matter.
 

Tate

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So how long until nap is a full on libertarian race realist? I'm guessing like 6 months
 

☑︎#VoteDemocrat

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That article doesn't really agree with your statement because you can't really make that assumption based on the data given.

Something better would be showing median incomes of the poor in the US compared to the rest of world. At that point we'd be near the top but not number one. But considering how much more money this country has than others and considering the current income gap it should be much better for the poor and the middle class for that matter.
Read the comment section. The author even got called out on this
 

BaggerofTea

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This is a massive con game. All it is, is seeking to justify wage slavery. Especially when corporations benefit so much off the worker.
 

rapbeats

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I don't feel like typing up a whole essay on this, but the main problems with Sowell's argument are -


1. Correlation does not imply causation. He is assuming that the reason that unemployment rates were lower decades ago (and the reason that Switzerland has low unemployment rates) is due to lack of a minimum wage but he doesn't offer any proof that this is the case. In truth there are LOTS of other things that could explain this (loss of factory jobs, more people finishing school, child labor laws, transition to a service-based economy, urban decay and jobs being concentrated in affluent areas, etc.) but he expects us to just attribute all of this to minimum wage laws.

2. He also ignores the fact that most people making minimum wage are adults and not inexperienced teenagers.
my exact words when i read the first paragraph.
 
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