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So many young people are forced to specialize in one line or another that a young person can’t afford to try and cover this waterfront — only an old fogy who can afford to make a fool of himself. If I don't, who will? — John Wheeler ...
To which the more intelligent type of reformer will do well to answer: “If you don't see the use of it, I certainly won't let you clear it away. Go away and think. Then, when you can come back and tell me that you do see the use of it, I may allow you to destroy it.”...
This dynamic also makes it more difficult for minimum wage workers to gain upward mobility. Don Boudreaux, Adjunct Scholar at the Cato Institute, explains, “the minimum wage cuts off the first rung of the employment ladder, and it’s that first lowest paying rung that provides the skills and...