Greyweather's Reviews > Basic Economics: A Common Sense Guide to the Economy
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![Thomas Sowell](https://cdn.statically.io/img/i.gr-assets.com/images/S/compressed.photo.goodreads.com/authors/1230424337i/2056._UX200_CR0,40,200,200_.jpg)
“Unfortunately, the real minimum wage is always zero, regardless of the laws, and that is the wage that many workers receive in the wake of the creation or escalation of a government-mandated minimum wage, because they lose their jobs or fail to find jobs when they enter the labor force. Making it illegal to pay less than a given amount does not make a worker’s productivity worth that amount—and, if it is not, that worker is unlikely to be employed.”
― Basic Economics: A Citizen's Guide to the Economy
― Basic Economics: A Citizen's Guide to the Economy
Reading Progress
February 13, 2010
– Shelved
February 13, 2010
– Shelved as:
economics
July 22, 2013
–
Started Reading