Thomas Sowell
American economist
2
APPEARANCES
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Oct 21, 2025
Thomas Sowell: A Free Man | Peter Robinson | Hoover Institution
38:05
38:11
38:30
Thomas SowellGUEST
People have low income, they can get a little better life for themselves and so forth.
Thomas SowellGUEST
But at Chicago, there was the idea, no, that what you do when you raise the minimum wage is you cause lots of people to lose their jobs or not be able to find a job.
Thomas SowellGUEST
But there were two explanations of why the unemployment went up, and this is in Puerto Rico that I was studying, went up after the minimum wages, and that was because there were storms that came through Puerto Rico several years in a row, and they destroyed part of the sugar crop, and therefore there was less need for workers, and that was the reason for their unemployment.
13 MINS LATER
Thomas Sowell: Facts Against Rhetoric, Capitalism, Culture—and, Yes, the Tariffs | Uncommon Knowledge | Peter Robinson | Hoover Institution
16:42
16:50
17:09
Thomas SowellGUEST
Yes, and this is part of a larger pattern in looking at statistics over time.
Thomas SowellGUEST
It applies, for example, many people credit Ralph Nader with having made the country and the government conscious of various dangers and so that they can have laws and agencies to control those dangers.
Thomas SowellGUEST
And they'll point out that Ralph Nader's book, Unsafe at Any Speed, put him on the map when he argued that American cars were being made without regard to safety and that the corporations put more emphasis on styling and that was causing people's lives and so on.
24 MINS LATER