We could almost think of France as a huge laboratory, in which Sowell's clear-headed ideas have been tested and validated.
The man can dispense more knowledge in a short column than most college kids will learn in four years at a university.
Sowell's focus on the minimum wage is overly simplistic.
It ignores that France flooded its labor market with immigration and subjected it to competition within the European Union while other Euroweenie nations were also being flooded with immigrants along with absorbing labor from the former communist bloc.
In his treatise on "comparative advantage", globalization deity David Ricardo asserted that the "natural price" of labor stabilizes at the subsistance level.
Through willful neglect of massive illegal immigration and pursuit of "free trade" agreements (NAFTA, CAFTA, FTAA, etc.), George W. Bush is attempting to engineer the same conditions for us that France is currently suffering. It's all part of "The Race to the Bottom".