Quotation of the Day…

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… is from page 277 of the 2016 second edition of Thomas Sowell’s important volume Wealth, Poverty and Politics:

To blithely assume that the only reason to be against minimum wage laws is a lack of empathy with the poor is to ignore a vast literature on the negative repercussions of minimum wage laws. These repercussions include increased numbers of unemployed young males idle on the streets, which is seldom a benefit to any community.