The Minimum Wage is a Racist Law

In his 2014 State of the Union Address, President Obama praised the states that had recently raised their minimum wages, and he called upon Congress to raise the federal minimum wage from $7.25 per hour to $10.10. He said: Tom Harkin and George Miller have a bill to fix that by lifting the minimum wage to $10.10.  This will help families.  It will give businesses customers with more money to spend.  It doesn’t involve any new bureaucratic program.  So join the rest of the country.  Say yes.  Give America a raise. He didn’t mention that young unskilled workers would be harmed. There is little doubt that the minimum wage decreases the demand for unskilled workers. The wage that potential employers are willing to pay depends on what the employer believes that hiring an additional worker would be worth to him. No employer will hire a worker unless he believes that worker will contribute as much value as the worker costs. Who is hurt...(Read Full Article)