Minimum wage: Taxation by Misrepresentation

I know this is hard for our low-information citizens to understand -- so I'm going to keep this as simple as possible.Your well-intentioned feelings about the minimum wage do not trump facts about the minimum wage!Increasing the minimum wage does not benefit the very people it is intended to help.  In fact, it is a basic economic truth that minimum wage increases reduce the number of jobs available to college-age workers; drastically reduces the number of positions available to high school-age entry-level employees; and, devastates the number of jobs available in minority communities.Ironically, our first black President now proposes to force businesses to raise the minimum wage to $9 per hour -- which is a direct assault on black teen employment.  Hovering around 40%, black teen unemployment is not only a staggering economic problem, it is also directly proportional to the high crime rates in those communities.Black economists, Dr. Thomas Sowell and Dr. Walter Williams,...(Read Full Article)

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