Thomas Sowell‘s latest column highlights his latest concerns about Republican presidential contender Mitt Romney.
Mitt Romney has come out in support of indexing the minimum-wage law, to have it rise automatically to keep pace with inflation. To many people, that would seem like a small thing that can be left for economists or statisticians to deal with.
But to people who call themselves conservatives, and aspire to public office, there is no excuse for not being aware of what a major social disaster the minimum-wage law has been for the young, the poor, and especially for young and poor blacks.
It is not written in the stars that young black males must have astronomical rates of unemployment. It is written implicitly in the minimum-wage laws.
Sowell is not alone in documenting the destructive impact of a government-mandated minimum wage. You could call the measure a “cruel hoax.”
