Not much new in this Thomas Sowell article on Chicago’s new minimum wage, except the reaction by some liberals. Some of them, including Mayor Daley and Andrew Young, seem to be getting the message, a $10 ($13 if no benefits) per hour minimum wage for big box stores is bad for minorities.
According to Sowell:
“What was uncommon was the reaction. Chicago’s
Mayor Richard M. Daley denounced the bill as “redlining,” since it
would have the net effect of keeping much-needed stores and jobs out of
black neighborhoods. Both Chicago newspapers also denounced the bill.
The crowning touch came when Andrew Young, former civil
rights leader and former mayor of Atlanta, went to Chicago to criticize
local black leaders who supported this bill.”
BTW, the only economist that the CBS Evening News interviewed for its coverage was the one that calms that the MW does not increase unemployment. The reporter must have taken his script from the ACORN press release. This is not an uncomon method used by the network news reporters to obtain their “news” stories.
