Wednesday, June 1, 2011

Government Against Blacks

The economic pain of the Great Recession was felt most acutely by younger workers, especially African-Americans. Unemployment reached 25% for white teens — and nearly 50% for black teens. The authors of this study examined the interstate variation in the minimum wage between 1994 and 2010 to shed light on the employment patterns of 16-to-24 year-old males without a high school diploma. They found that for white males, each 10% increase in a federal or state minimum wage decreased employment by 2.5%. For Hispanic males, the figure was 1.2%. For black males, the figure was 6.5%. States the executive summary: “Across all 50 states and the District of Columbia, approximately 34,300 black young adults lost their job due to the recession; during the same period, 26,400 lost their job due to minimum wage increases that occurred.”
--William E. Even and David A. Macpherson, Employment Policies Institute

Government Against Blacks
By John Stossel

"White racist unions in South Africa that would never have a black as a member were the major supporters of minimum wage laws. Their stated purpose was to protect white workers from having to compete with low-skill, low-wage black workers. In the United States we found some of the same reasoning for support of a super minimum-wage law"
Read this article by clicking:Government Against Blacks

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