POLITICAL: $15/hour condemns minority youths to poverty

https://www.lewrockwell.com/2016/06/walter-e-williams/proof-elite-hate-people/

Elitist Arrogance
By Walter E. Williams
June 1, 2016

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President Barack Obama, the Congressional Black Caucus, black state and local politicians, and civil rights organizations are neither naive nor stupid. They have been made aware of the unemployment effects of the labor laws they support; however, they are part of a political coalition. In order to get labor unions, environmental groups, business groups and other vested interests to support their handout agenda and make campaign contributions, they must give political support to what these groups want. They must support minimum wage increases even though it condemns generations of black youths to high unemployment rates.

I can’t imagine what black politicians and civil rights groups are getting in return for condemning black youths to a high rate of unemployment and its devastating effects on upward economic mobility that makes doing so worthwhile, but then again, I’m not a politician.

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What kind of stupidity does it take to think that this is good policy?

Continuing to “legislate / regulate / demonstrate” entry level jobs out of existence is sheer madness.

Self-inflicted economic poverty of the whole society.

We need all “our” Human Resources operating a maximum efficiency. 

Argh!

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