In response to:

Black Unemployment

LarryFromMo Wrote: Apr 10, 2013 2:38 PM
This article is right on. The minimum wage is another one of those ideas that sound good on the surface but is actually counter-productive. The bottom line on minimum wage laws is that they limit the freedom of the least skilled members of our society. Suppose you are one of the high school seniors with an eighth grade education and no skills that Williams mentions. You decide that you are willing to go to a potential employer and offer to work for $5 an hour in order to learn work skills. You should be completely free to do so, but minimum wage laws prevent you from doing so.
rpm Wrote: Apr 12, 2013 10:52 PM
The minimum wage is, always has been and always will be: ZERO
Stuart95 Wrote: Apr 10, 2013 3:11 PM
You can argue that the minimum wage limits the freedom of the least skilled, but they are still free to take, or reject, any job they wish.

Employers, on the other hand, lose the freedom to work out a mutually agreeable employment agreement because they have artificial restrictions on what they can offer as compensation. They suffer, and so do the least skilled and consumers, i.e., everyone except the pro-minimum wage politicians who can bask in their own aura of goodness.

And if the government can waltz in and take that freedom, what is the limit to their power grabs?
Robert97 Wrote: Apr 11, 2013 11:24 AM
Not quite. The least skilled are not allowed to take those jobs which their limited skills qualitfy them for, if the the value of those jobs id less than the minimum wage. Jut one of many, many Lib progams to help the poor, which turn out to...hurt the poor. A better answer to low paying jobs is education programs, parental involvement, and community support, to improve the level of skills.

A couple of weeks ago, Black Entertainment Television founder Bob Johnson, speaking at The National Press Club, said the nation "would never tolerate white unemployment at 14 and 15 percent." Black unemployment has been double that of white Americans for more than 50 years. The black youth unemployment rate is more than 40 percent nationally. In some cities, unemployment for black working-age males is more than 50 percent. Let's look at this, but first let's look at some history.

From 1900 to 1954, blacks were more active than whites in the labor market. Until about 1960, black male labor force...