The minimum wage law is very cleverly misnamed. The real minimum wage is zero – and that is what many inexperienced and low-skilled people receive as a result of legislation that makes it illegal to pay them what they are currently worth to an employer.
Most economists have long recognized that minimum wage laws increase unemployment among the least skilled, least experienced, and minority workers. With a little experience, these workers are likely to be worth more. But they cannot move up the ladder if they can’t get on the ladder.
-Prof Thomas Sowell (Minimum Journalism Evident in Wage Story)
(H/T: Cafe Hayek)
Minimum Wage was created at the behest of Unions, whose workers were mostly White, to keep the much lower skilled Blacks, out of the labor force. Well, actually, to keep them from competing for the jobs that the UNIONS had control of (that’s how unions role – grabbing Power and getting more wealth for themselves than they otherwise would be able to obtain).
But while it was about Power in the workplace and enhanced wages, the Unions had no problem in being racists. Which brings up the obvious question…
With Cancel Culture and Crititical Race Theory being such a force on the Left, those deemed as racists from the past (like our Founders, like many of note, like many of today), shouldn’t Unions be under attack for their racist activities of the past?
After all, fair is fair, and if the motivating movements on the Left are to be “fair” (ahem!), why aren’t they going after Unions?