How Minimum Wage Hurts the Most Vulnerable | Thomas Sowell
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Sowell Explains
More Videos:
▶Why Minimum Wage is Bad for Workers: https://youtu.be/1DsZnI8lX-A
▶Unknown Facts About the 'Top 1%': https://youtu.be/fewjhevKv_U
▶The Unseen Costs of Government's 'Life-Saving' Policies: https://youtu.be/ds7elx5Pqo0
jhj22
I highly appreciate that I found this channel. It was an eye opening experience for me. Also it's great for me to appreciate that I watch this, while a legend is alive :)
Nordic Son
You did a better job of explaining this than my college professors who seem to always go to Rich white supremacist industries.
MinorityofOne
Excellent analysis by TS as usual. The other aspect of min wage not mentioned in the video clip is the exporting of low cost jobs to even lower cost countries. Whilst companies are not allowed to pay domestic workers less than a certain hourly rate their rational response was to merely export low cost jobs to countries where wages and all other costs of business were even lower. This makes unemployment prospects amongst younger and low skilled workers even worse. Politicians once again making the problem worse by interfering in the free market.
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"Motivation is what gets you started. Habit is what keeps you going." --Jim Ryun
Jim Jackson
In the very first sentence he shows he is head and shoulders above the rest of the economists .I have never heard that explanation before.Mr Sowell shows he is a true second or third level thinker which means he is going to have a hard time convincing people as to the rightness of his ideas.
The Sh¡t List
perfectly explained as usual! :)
Keith Wilson
One other consideration which Sowell doesn’t address is the nature of the black teen generations in later decades. A loss of respect for employers and society in general does a lot of damage that makes employers a lot less likely to higher them, whether warranted with a particular black individual or not.
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Alex Mercer
Excellent! Very educational.
Southern Unionist
I reside in Virginia where the minimum wage is currently $11 an hour for our workers, but i have no problem with the deep south and some rust belt states working for lower wages and basically living as a lower caste in our society. The unemployment in Virginia is about even with states like Alabama, Georgia, and South Carolina.

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