Minimum Wage Dishonesty
By Walter E. Williams
January 12, 2016
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During South Africa’s apartheid era, the secretary of its avowedly racist Building Workers’ Union, Gert Beetge, said, “There is no job reservation left in the building industry, and in the circumstances, I support the rate for the job (minimum wage) as the second-best way of protecting our white artisans.” The South African Economic and Wage Commission of 1925 reported that “while definite exclusion of the Natives from the more remunerative fields of employment by law has not been urged upon us, the same result would follow a certain use of the powers of the Wage Board under the Wage Act of 1925, or of other wage-fixing legislation. The method would be to fix a minimum rate for an occupation or craft so high that no Native would be likely to be employed.”
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Walter Williams is among my favorite author / economists.
He often drives a metaphorical dagger into the hearts of the phony liberals, politicians, and bureaucrats!
In this specific case, the “minimum wage”.
The liberal politicians use it to demonstrate how much they care about the poor. All they care about is getting their votes.
I can’t think of a more destructive diktat then this.
I learned this lesson when the rising Federal minimum wage “forced” AT&T to automate all their elevators. While some of the all women elevator force were able to be placed in other higher skilled jobs, many were not and were fired. I know one personally who never worked again because the minimum wage cost more than she could produce.
Anecdotal? Sure. But that doesn’t make it real.
Look at the black youth unemployment rate and tell me that isn’t real either.
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