In his most recent State of the Union address, President Obama made this bold declaration:
“Let’s declare that in the wealthiest nation on Earth, no one who works full-time should have to live in poverty, and raise the federal minimum wage to $9.00 an hour. This single step would raise the incomes of millions of working families.”
A wonderful thought, to be sure. But would this single step actually raise the incomes of millions of working families? Historically, however, minimum wage laws and unions have actually hurt the black community.
Did you know that there was a time in our country,...