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Bonus Quotation of the Day…

… is from my late, great colleague Walter Williams’s October 1979 essay in Reader’s Digest titled “The Shameless Roots of Minority Unemployment” (original emphasis; I can find no on-line version of this essay):

All the egalitarian rhetoric will not change the simple fact that some workers are less experienced, less productive – and therefore worth less (in wages) than others. This is especially true of the new worker. Forced by law to pay a wage that may be more than the new worker is worth, the druggist hires one stockboy instead of two; the garage owner hires two workers, not four – and hires the highest-skilled ones he can find.

DBx: But hey, (some of) the advocates of minimum wages mean well.

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