Increases in the minimum wage — which rose
10 cents to $7.40 an hour in Ohio this year — have priced young black men out of the entry-level job market more than twice as fast as their white counterparts, according to the study, based on figures reported by the Bureau of Labor Statistics from 1994 to 2010.
The study found that for each 10 percent increase in the minimum wage, employment for young black males without a diploma fell by 6.5 percent. By comparison, the drop in employment was 2.5 percent for white males ages 16-24 with no diploma, and 1.2 percent for
Hispanics.
Even blacks who remained on payrolls after minimum wage increases saw their hours cut back more than any other group in the survey, which concluded that for each 10 percent increase in the minimum
wage, hours were reduced by 6.6 percent for young black males, 3 percent for white males and 1.7 percent for Hispanics.
“Our study suggests that when the minimum wage goes up, it causes the difference between black and white unemployment rates to rise,” Even said.
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1 comment:
You know what i'd like to see? A study on how the political views of a scientist might affect his scientific findings. Or better yet, what role does the politics of a scientist play in which studies he chooses to conduct.
The scientific community as a whole should have no bias, but clearly its collective politics leans heavily left. That's why it is so rare to see a study like this that even questions the result of socialist policy. That's why you have 100 scientists out to prove global warming exists for every 1 scientist trying to disprove it.
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