Thomas Sowell: 'Barack Obama is worse than Jimmy Carter' | The Daily Caller: "Minimum wages have done enormous damage to young blacks. If you back to the mid-1940s, the unemployment rate among black teenagers was a fraction of what it is has been — it was a fraction in 1949, which was a recession year, of what it has been and even in the most prosperous years since then.”
“And the difference was that in 1949, the minimum wage law had not been upgraded since 1938. So for all practical purposes, it had been destroyed by inflation. Once you start reinstating the minimum wage with increases, then you begin to get to 20, 30, 40 percent unemployment rate among black teenagers. But in the late 40s, there were years when a black 16-year-olds had unemployment rates under 10 percent. Now, the question is not whether you’re empathizing or not. The question is whether your policies are ruining people.”"
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