Proof the Elite Hate the People

White teenage unemployment is about 14 percent. That for black teenagers is about 30 percent. The labor force participation rate for white teens is 37 percent, and that for black teens is 25 percent. Many years ago, in 1948, the figures were exactly the opposite. The unemployment rate of black 16-year-old and 17-year-old males was 9.4 percent, while that of whites was 10.2 percent. Up until the late 1950s, black teens, as well as black adults, were more active in the labor market than their white counterparts. I will return to these facts after I point out some elitist arrogance and moral bankruptcy.

Supporters of a $15 minimum wage are now admitting that there will be job losses. “Why shouldn’t we in fact accept job loss?” asks New School economics and urban policy professor David Howell, adding, “What’s so bad about getting rid of crappy jobs, forcing employers to upgrade, and having a serious program to compensate anyone who is in the slightest way harmed by that?” Economic Policy Institute economist David Cooper says: “It could be that they spend more time unemployed, but their income is higher overall. If you were to tell me I could work fewer hours and make as much or more than I could have previously, that would be OK.”In the first paragraph, I pointed out that black youths had lower unemployment during earlier times. How might that be explained? It would be sheer lunacy to attempt to explain the more favorable employment statistics by suggesting that during earlier periods, blacks faced less racial discrimination. Similarly, it would be lunacy to suggest that black youths had higher skills than white youths. What best explain the loss of teenage employment opportunities, particularly those of black teenagers, are increases in minimum wage laws. There’s little dispute within the economics profession that higher minimum wages discriminate against the employment of the least skilled workers, and that demographic is disproportionately represented by black teenagers.

President Barack Obama, the Congressional Black Caucus, black state and local politicians, and civil rights organizations are neither naive nor stupid. They have been made aware of the unemployment effects of the labor laws they support; however, they are part of a political coalition. In order to get labor unions, environmental groups, business groups and other vested interests to support their handout agenda and make campaign contributions, they must give political support to what these groups want. They must support minimum wage increases even though it condemns generations of black youths to high unemployment rates.

I can’t imagine what black politicians and civil rights groups are getting in return for condemning black youths to a high rate of unemployment and its devastating effects on upward economic mobility that makes doing so worthwhile, but then again, I’m not a politician.

The post Proof the Elite Hate the People appeared first on LewRockwell.

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