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The most anti-Negro law on the books...

aociswundumho

aociswundumho

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So here is Rand Paul commenting on Biden's push for a $15 minimum wage:

www.usatoday.com

Sen. Rand Paul says Biden's push for raising minimum wage shows he hates Black teenagers

Paul told Fox News host Sean Hannity that Biden's goal of increasing the national minimum wage to $15 would cause 4 million people to lose their jobs.
www.usatoday.com

Sen. Rand Paul says Biden's push for raising minimum wage shows he hates Black teenagers

Not for the first time this week, Kentucky Sen. Rand Paul took his criticisms of newly inaugurated President Joe Biden to Fox News.
Speaking with conservative personality Sean Hannity Friday night, the Republican congressman repeated his claim that Biden's goal of increasing the national minimum wage to $15 would cause 4 million people to lose their jobs.
"And the people who lose their jobs first when you hike up the minimum wage are Black teenagers," Paul said. "So, you know, 'why does Joe Biden hate Black teenagers' should be the question. Why does Joe Biden want to destroy all these jobs?"
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55 years ago Milton Friedman wrote an article for Newsweek regarding the new minimum wage law passed by the economic illiterate congress:

Uncle Milty in 1966 said:
Congress has just acted to increase unemployment. It did so by raising the legal minimum-wage rate from $1.25 to $1.60 an hour, effective in 1968, and extending its coverage. The result will be and must be to add to the ranks of the unemployed.
Does a merchant increase his sales by raising prices? Does higher pay of domestic servants induce more housewives to hire help? The situation is no different for other employers. The higher wage rate decreed by Congress for low-paid workers will raise the cost of the goods that these workers produce—and must discourage sales. It will also induce employers to replace such workers with other workers—either to do the same work or to produce machinery to do the same work or to produce machinery to do the work.
Some workers who already receive wages well above the legal minimum will benefit—because they will face less competition from the unskilled. That is why many unions are strong supporters of higher minimum-wage rates. Some employers and employees in places where wages are already high will benefit because they will face less competition from businessmen who might otherwise invest capital in areas that have large pools of unskilled labor. That is why Northern manufactures and unions, particularly in new England, are the principal sources of political pressure for higher legal minimum-wage rates.

...

The loss to the unskilled workers will not be offset by gains to others. Smaller total employment will result in a smaller total output. Hence the community as a whole will be worse off.
Women, teenagers, Negroes and particularly Negro teenagers, will be especially hard hit. I am convinced that the minimum-wage law is the most anti-Negro law on our statute books—in its effect not its intent. It is a tragic but undoubted legacy of the past—and one we must try to correct—that on the average Negroes have lower skills than whites. Similarly, teenagers are less skilled than older workers. Both Negroes and teenagers are only made worse off by discouraging employers from hiring them. On the-job training—the main route whereby the unskilled have become skilled—is thus denied them.
The shockingly high rate of unemployment among teenage Negro boys is largely a result of the present Federal minimum-wage rate. And unemployment will be boosted still higher by the rise just enacted. Before 1956, unemployment among Negro boys aged 14 to 19 was around 8 to 11%, about the same as among white boys. Within two years after the legal minimum was raised from 75 cents to $1 an hour in 1956, unemployment among Negro boys shot up to 24% and among white boys to 14%. Both figures have remained roughly the same ever since. But I am convinced that, when it becomes effective, the $1.60 minimum wage will increase unemployment among Negro boys to 30% or more.
Many well-meaning people favor legal minimum-wage rates in the mistaken belief that they help the poor. These people confuse wage rates with wage income. It has always been a mystery to me to understand why a youngster is better off unemployed at $1.60 an hour than employed at $1.25. The rise in the legal minimum-wage rate is a monument to the power of superficial thinking.
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Remember, the biggest support for minimum wage laws come from the so-called "party of science", and of course, special interest groups. Jeff Bezos is a big supporter of a $15 minimum wage law. Gee, I wonder why.

And for those conservatives out there who dream of a "limited government", observe that the idiotic government can't even get something extremely simply like this right. If politicians are too stupid/evil to understand the effects of a price floor on wages, how do you expect them to accomplish something several orders of magnitude more difficult, like crafting just and efficient legal rules?
 
Why are so many Republican senators such a waste of space? Are they not aware that they are legislators and not pundits?

"They rejoice in their ignorance, as if what they did not know were not worth knowing."
 
RetiredUSN said:
And idiotic liberals who spends their free time virtue signaling.
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Really. Why not just point out that its an ignorant thing to say. Maybe Paul should focus on why he only thinks it only hurts Black teens, but not white teens. But then, that might take him down the very dark and scary road of doing something about it, like acknowledging institutionalized racism.
 
RetiredUSN said:
And idiotic liberals who spends their free time virtue signaling.
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As opposed to cretin cons historically spending all their time hypocritically virtue signaling.
 
aociswundumho said:
So here is Rand Paul commenting on Biden's push for a $15 minimum wage:

www.usatoday.com

Sen. Rand Paul says Biden's push for raising minimum wage shows he hates Black teenagers

Paul told Fox News host Sean Hannity that Biden's goal of increasing the national minimum wage to $15 would cause 4 million people to lose their jobs.
www.usatoday.com



55 years ago Milton Friedman wrote an article for Newsweek regarding the new minimum wage law passed by the economic illiterate congress:



Remember, the biggest support for minimum wage laws come from the so-called "party of science", and of course, special interest groups. Jeff Bezos is a big supporter of a $15 minimum wage law. Gee, I wonder why.

And for those conservatives out there who dream of a "limited government", observe that the idiotic government can't even get something extremely simply like this right. If politicians are too stupid/evil to understand the effects of a price floor on wages, how do you expect them to accomplish something several orders of magnitude more difficult, like crafting just and efficient legal rules?
Click to expand...

Paul Distorts CBO’s Estimate on Impact of $15 Minimum Wage
 
j brown's body said:
Really. Why not just point out that its an ignorant thing to say. Maybe Paul should focus on why he only thinks it only hurts Black teens, but not white teens. But then, that might take him down the very dark and scary road of doing something about it, like acknowledging institutionalized racism.
Click to expand...

Liberals practice institutionalized racism on a very large scale........ and I dare you to prove me wrong.
 
RabidAlpaca said:
Lol, right wingers pretending to care about black people while using the word "negro" is just too hilarious.
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I know... it's just crazy man!


Negro: relating to black people.
 
RetiredUSN said:
Liberals practice institutionalized racism on a very large scale........ and I dare you to prove me wrong.
Click to expand...

It being institutionalized, basically we all do. Yet none of us are racist!
 
aociswundumho said:
So here is Rand Paul commenting on Biden's push for a $15 minimum wage:

www.usatoday.com

Sen. Rand Paul says Biden's push for raising minimum wage shows he hates Black teenagers

Paul told Fox News host Sean Hannity that Biden's goal of increasing the national minimum wage to $15 would cause 4 million people to lose their jobs.
www.usatoday.com



55 years ago Milton Friedman wrote an article for Newsweek regarding the new minimum wage law passed by the economic illiterate congress:



Remember, the biggest support for minimum wage laws come from the so-called "party of science", and of course, special interest groups. Jeff Bezos is a big supporter of a $15 minimum wage law. Gee, I wonder why.

And for those conservatives out there who dream of a "limited government", observe that the idiotic government can't even get something extremely simply like this right. If politicians are too stupid/evil to understand the effects of a price floor on wages, how do you expect them to accomplish something several orders of magnitude more difficult, like crafting just and efficient legal rules?
Click to expand...
Why, to the extent there will be any layoffs due to increased minimum wage, will black teenagers be the first to be laid off, and what exactly about Biden's policy makes it likely that black teenagers specifically will be let go? Why doesn't Paul address the actual reason why black teenagers might be targeted for layoffs, and the persons making it more likely that that happens?

According to a Congressional Budget Office report, there's a two-thirds chance that raising the minimum wage to $15 by 2025 would cause zero job losses...
Click to expand...
 
Cameron said:
Why, to the extent there will be any layoffs due to increased minimum wage, will black teenagers be the first to be laid off, and what exactly about Biden's policy makes it likely that black teenagers specifically will be let go? Why doesn't Paul address the actual reason why black teenagers might be targeted for layoffs, and the persons making it more likely that that happens?
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Not just blacks will be let go. Labor is a business cost. Labor will be let go if costs force the issue.
 
bluesmoke said:
Knocks me out. You can't make it up.
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For clarification, I read the quoted section including the term "negro" to have been from Friedman or Congress back in 66', not Rand Paul today (as stupid as the remainder of his comments were).
 
Why would black teenagers be the ones to lose jobs first?

Is there some sort of bias or racism in the US which would cause business ( ie people) to get rid of black employees before white or other ethnicities are fired or not hired?
 
Grandpappy said:
Eric

Maxine Waters already took home that prize.
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She would be in the running.... but today’s GOP who are trying to figure out how many licks it takes to get to the center of Ex President Trump’s boot are seriously pulling ahead.
 
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