And some lefty smart guys were arguing this was good for low wage workers.
Once again democrats are destroying their constituent' communities and lives.
Why don't we bring in some more immigrants and just make sure there are no opportunities for young black people other than gang member or welfare mom.
Nice work establishment cheerleaders.
https://fee.org/articles/following-...teens/?utm_source=dlvr.it&utm_medium=facebook
,,,
One possible explanation for this spike would be the “midyear burst of minimum-wage increases on July 1” outlined in
a recent WSJ article:
On July 1, 14 U.S. cities, states and counties, plus the District of Columbia, will raise their minimum wage in a mid-year burst that reflects the legislative momentum to boost pay floors across the country while federal legislation stalls. In total, the minimum wage will rise in 15 places: two states – Maryland and Oregon, plus Washington, D.C., Los Angeles County, Calif., and 11 cities. That includes Chicago, eight cities in California and two in Kentucky, according to a new analysis by the right-leaning Employment Policies Institute.
As we learned from
Milton Friedman many years ago:
The minimum wage law is most properly described as a law saying that employers must discriminate against people who have low skills. That’s what the law says. The law says that here’s a man who has a skill that would justify a wage of $5 or $6 per hour (adjusted for today), but you may not employ him, it’s illegal, because if you employ him you must pay him $7.25 per hour. So what’s the result? To employ him at $7.25 per hour is to engage in charity. There’s nothing wrong with charity. But most employers are not in the position to engage in that kind of charity. Thus, the consequences of minimum wage laws have been almost wholly bad. We have increased unemployment and increased poverty.
Moreover, the effects have been concentrated on the groups that the do-gooders would most like to help.
The people who have been hurt most by the minimum wage laws are the blacks. I have often said that the most anti-black law on the books of this land is the minimum wage law.
MP: As I commented when I posted the minimum wage chart today on
Twitter: “Will a $15 an hour minimum wage make it easier or harder for this group to find a job? Progressives, please discuss.”
One possible explanation for this spike would be the “midyear burst of minimum-wage increases on July 1”
https://fee.org/articles/following-...teens/?utm_source=dlvr.it&utm_medium=facebook
