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.
American economist, social theorist, political philosopher and author
Thomas Sowell (born June 30, 1930) is an American economist and political commentator. He taught economics at Cornell University, the University of California, Los Angeles, and since 1980 at the Hoover Institution at Stanford University, where he is currently Senior Fellow.
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Those who believe that "basic necessities" should belong to people as a matter of right ignore the implication -- that people are to work only for amenities, frivolities, and ego. Will that mean more work or less work? And if less, where are all those "basic necessities" coming from that the government is supposed to hand out?
Lamenting the vagaries of fate may leave us with a galling sense of helpless frustration, which many escape by transforming the tragedy of the human condition into the specific sins of specific societies. This turns an insoluble problem of cosmic justice into an apparently manageable issue of social justice. Since the sins of human beings are virtually inexhaustible, there is seldom a lack of examples of wrongdoing to which intergroup differences can be attributed, rightly or wrongly. Where the quest for injustice is over-riding, among the things it over-rides are logic and evidence.
It may be expecting too much to expect most intellectuals to have common sense, when their whole life is based on their being uncommon -- that is, saying things that are different from what everyone else is saying. There is only so much genuine originality in anyone. After that, being uncommon means indulging in pointless eccentricities or clever attempts to mock or shock.