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by supreme_sublime
2995 days ago
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It blows my mind that "low minimum wage" is listed as a reason why minorities don't earn more money. It is well known that increases in minimum wage result in higher unemployment. It is very basic supply/demand. In fact minimum wage laws were originally implemented in the south specifically to price minorities out of the market. [0] It seems utterly nonsensical now to act as if they are some great boon to minorities and will help them rise out of their current collective predicament. The best thing for people with low skills is to allow them to enter the market to gain skills. Pricing them out of the market and legitimate employment pushes them to black markets as there is no legal way to participate in gainful employment. Which will thereby increase incarceration rates and contributes to the problem of fatherless homes, something we all know is a very undesirable outcome. [0] https://nypost.com/2013/09/17/why-racists-love-the-minimum-w... |
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