which proponents of raising the minimum wage never like to talk about.
http://townhall.com/columnists/thomassowell/2014/09/13/mob-rule-economics-n1888851/page/fullIn 1948, the year I left home, the unemployment rate among black 16-year-olds and 17-year-olds was 9.4 percent, slightly lower than that for white kids the same ages, which was 10.2 percent.
So what happened? How come the unemployment rate for black kids is now 4 to 5 times that rate? Could it be that those who want to promote this living wage stuff have caused employers to cut the number of workers to make up the money losses they will see when they are forced
by gov't to raise those wages?
Another interesting point he touches on but doesn't go into much detail about is the push from labor unions to have gov't pass laws to increase the min. wage, when their workers already make far more than that wage. Gee I wonder why would that be?
Yes, leave it to do-good politicians to screw things up every time they get involved..