Despite lofty rhetoric to the contrary, minimum wage laws increase the likelihood of racial discrimination.
According to black economist Walter Williams, it is “for a number of socioeconomic reasons that white youths, more often than their black counterparts, have higher levels of educational attainment and training,” and thus tend to be higher-skilled. While reasons for this are beyond the purview of this article, interested observers can read Williams’ Race and Economics.
Thursday, January 22, 2015
Sunday, January 18, 2015
Popular culture increasingly encourages the idea that belief in universal principles—fixed notions of good and evil, right and wrong, moral and immoral—prevents “progress” and promotes intolerance. We must be “open-minded,” we are told, and eschew such rigidity. Yet “openness,” or relativism, is a path to national suicide.