If $15 Minimum Wage Is Such a Good Idea, Why Did AOC’s Bar Close Down?

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If $15 Minimum Wage Is Such a Good Idea, Why Did AOC’s Bar Close Down?
Larry Elder
March 21, 2019 Updated: March 21, 2019

The brilliant Thomas Sowell, when in college, considered himself a Marxist. Asked what changed him, Sowell said, “Evidence.”

After completing undergrad at Harvard and obtaining a master’s in economics, Sowell landed a summer internship with the Department of Labor. While there, he researched the impact of minimum wage law on employment. Sowell learned two things, both of which he found startling.

First, minimum wage laws create job loss by pricing the unskilled out of the labor force.

https://www.theepochtimes.com/if-15-minimum-wage-is-such-a-good-idea-why-did-aocs-bar-close-down_2847773.html