— Barack Obama clearly referencing drone strikes…oh wait this is about Boston…never mind. (via enemyofthestatist)
Minimum-wage laws date to the 1930s, and supporters in Congress at the time were explicit about using them to stop blacks from displacing whites in the labor force by working for less money. Milton Friedman regarded the minimum wage as “one of the most, if not the most, anti-black laws on the statute books.”
When you artificially increase the cost of labor, you wind up with surplus labor, which takes the form of unemployment. Younger and less-experienced workers—a disproportionate number of whom are black—are more likely to be priced out of the labor force when the cost of hiring someone goes up. Prior to the passage of minimum-wage laws—and in an era of open and rampant racial discrimination in the U.S.—the unemployment rate for black men was much lower than it is now and similar to that of whites in the same age group.
Today, unemployment stands at 7.9% overall but is 13.8% among blacks (versus 7% among whites), 14.5% among black men (versus 7.2% among white men) and 37.8% among black teens (versus 20.8% among white teens). Yet Mr. Obama has proposed increasing the minimum wage by 24% to $9 an hour to placate his union supporters who want less competition for their members. A higher minimum wage might lift earnings for existing workers—provided they keep their jobs—but it also reduces job opportunities for millions of people out of work.
Out of political expediency, Mr. Obama is putting the interests of Big Labor ahead of the urban poor."
As a member of a Hollywood union, I face a sort of minimum wage hurdle of my own. The next step up in my career is a substantial one - and one in which I am more than capable of making (a position I held - with, in fact, greater pay - on a number of non-union reality shows). But because of the union, I cannot take that position without being paid the union minimum for that position. In other words, the studio and producers would have to pay me the same rate they would pay a multiple-Emmy winner with 30 years of experience. I cannot offer to work for less as an opportunity to prove myself. I have no leverage - I cannot offer any incentive - for producers to hire a [relatively] young and eager talent over a reliable veteran. And indeed, I have missed out on multiple jobs precisely because of this artificial price floor.
- Repeal the Minimum Wage
- A Response to “An economic argument for the minimum wage”
- Minimum Wage, a Synopsis
- Re: On Minimum Wage, “show me the equity”
- Minimum Wage’s Discriminatory Effects
- #Minimum Wage
Direct quote from someone on my Facebook.
Yes. The guy who signed the NDAA and authorized the murder of American citizens and continued the Patriot Act and countless other horrible things = FREEDOM.
Obama for freedom, guise.
May as well just say it: “FREEDOM. Above the lives of brown people.”
I didn’t go anywhere near a ballot today.
And, as the next president bankrupts this country and bombs others, I’ll rest well knowing that I hold no responsibility for it happening.
Can’t say I’ll rest “well”, but I’ll rest better than had I succumbed to choosing the “lesser of two evils”.