Skip to comments.Minimum Wage Still = Unemployment
Posted on 08/04/2017 6:56:41 AM PDT by Academiadotorg
Democratic Party economists warehoused in academia between elections have spent decades denying that minimum wage increases cause unemployment. Unfortunately, they do.
"At the Great Recession's bottom, African-American teens had an unemployment rate of nearly 50 percent while the rate for all teens was 27.1 percent," a column on the BET website notes. "In the weak post-Recession, many teens compete for jobs against down-sized adults with college degrees."
"And economists William Even from Miami University and David Macpherson from Trinity University report that when a state, or the federal government, increases the minimum wage, Black teens are more likely to be laid off." It should be noted that BET has never been mistaken for Fox or One America News. In other words, this is not a right-wing network or site.
"The report focused on 16-to 24-year-old males without a high school diploma and found that for each 10 percent increase in the federal or state minimum wage employment for young Black males decreased 6.5 percent," according to BET. "By contrast, after the same wage boost, employment for white and Hispanic males fell respectively just 2.5 percent and 1.2 percent."
"The real hit for Black teens occurred, however, in the 21 states that had the federal minimum wage increase in 2007, 2008 and 2009. The findings reveal that while 13,200 Black young adults lost their jobs as a direct result of the recession nearly 40 percent more, a total of 18,500, were fired because of the rise in the federal minimum wage, raising the researchers' question: 'Why do black males suffer more harm from wage mandates than their white or Hispanic counterparts?'"
It's a question they might want to ask at Town Hall meetings, of the congressmen who voted for the increase.
‘Why do black males suffer more harm from wage mandates than their white or Hispanic counterparts?’
Because they suffer from entitlement syndrome and this must be unlearned to be employable at the entry level.
The ‘black’ leaders and government with affirmative action
have created a culture separate from the main stream. At the entry level employers need a body to do job x, they don’t have any other agenda. If black males would drop the gang ‘cred’ dress code, talk in English, show up on time every time and perform job x with out entitled attitude, they would be no different than white or Hispanics.
If you’re an employer and forced to pay a wage that’s higher than the productive capacity of an employee, what sort of employee are you going to prefer? An educated one with work experience, or an uneducated one without?
Libs believe that any job that pays less than their rapidly increasing minimum or living wage is immoral .
Baltimore City has a living wage higher than the states minimum wage and look how that works for the poor blacks living there.
It works very well. The poor blacks are priced out of the entry level job market, subsist on welfare AND VOTE DEMOCRATIC like they are told to do so by the Democratic administration. So, yes, it works very well. Just not for the poor blacks.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.