Despite evidence from around the world that minimum wage laws can price low-skilled workers out of jobs, the U.S. Department of Labor is planning to extend minimum wage coverage to domestic workers, such as maids or those who drop in from time to time to do a few household chores for the sick and the elderly.
It is hardly surprising that minimum wage laws set wages that price many a young worker out of a job. What is surprising is that, despite an accumulation of evidence over the years of the devastating effects of minimum wage laws on black teenage unemployment rates, members of the Congressional Black Caucus continue to vote for such laws.
Advocates of minimum wage laws often give themselves credit for being more "compassionate" towards "the poor." But they seldom bother to check what are the actual consequences of such laws.
One of the many unintended consequences of the political crusade for increased homeownership among minorities, and low-income people in general, has been a housing boom and bust that left many foreclosed homes that had to be rented, because there were no longer enough qualified buyers.
Two recent events — one on the east coast and one on the west coast — raise painful questions about whether we are really serious when we say that we want better education for minority children.
Whether in housing, education or innumerable other aspects of life, the key to busybody politics, and its endlessly imposed "solutions," is that third parties pay no price for being wrong.
Racial and ethnic leaders around the world who promote a separate cultural "identity" are inflicting a handicap on their own people. Isolation has held back many peoples in many lands, for centuries. But such social and cultural isolation serves the interests of today's ethnic leaders.
Random thoughts from wise thinkers:
"We shall not grow wiser before we learn that much that we have done was very foolish." (F.A. Hayek) ...
The only real heroes in the trial of George Zimmerman were the jurors. They showed that this is still America — at least for now.
I am so old that I can remember when most of the people promoting race hate were white.
Apparently other Americans also recognize that the sources of racism are different today from what they were in the past. According to a recent Rasmussen poll, 31 percent of blacks think that most blacks are racists, while 24 percent of blacks think that most whites are racist.