Minimum Wage Destroys Education for the Poor

While President Obama may still possess the ability to bedazzle a certain segment of the population with his haughty rhetoric, his policies, coupled with his economic ignorance, continue to wreak havoc upon the U.S. economy. Case in point: his persistent and injudicious push for an increase in minimum wage that, if achieved, would only further the economic carnage. Without a doubt, minimum wage laws hurt entry-level workers and ultimately the whole economy, as Thomas Sowell and Ron Ross clearly demonstrate here and here. But perhaps the cruelest consequence of minimum-wage law is the fact that it denies poor Americans access to a truly affordable education. With overall teen unemployment already at 21% and sky-high black teen unemployment at 38% under Obama's watch, his proposal would only exacerbate this problem. Merely highlighting the hourly wage rate as the singular measure of value received from working in an entry level capacity conveniently ignores one of the most important...(Read Full Post)