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every 10 percent increase in minimum wage decreases black youth employment by 6.5 percent
The '''minimum wage''' is the lowest wage that an employer may legally pay their workers. It is a [[socialist]] policy meant at manipulating labor wages in the private sector economy. Minimum wage laws are generally presented as being in the best interest of workers, as with the argument that if they can't pay you any less than a certain amount then you are guaranteed to get that amount. In practice, what employers really do is often simply not to hire you at all:
The '''minimum wage''' is the lowest wage that an employer may legally pay their workers. Minimum wage laws are most often supported by [[socialist]]s and racists. While such laws
are generally presented as being in the best interest of workers, as with the argument that if they can't pay you any less than a certain amount then you are guaranteed to get that amount. In practice, what employers really do is often simply not to hire you at all:
*The Employment Policies Institute, a business-friendly non-profit based in Washington, D.C., argues that “economic research has shown time and again that increasing the minimum wage destroys jobs for low-skilled workers while doing little to address poverty.” [http://blogs.forbes.com/moneybuilder/2010/02/24/seniors-pushing-young-adults-out-of-the-workforce/]
*The Employment Policies Institute, a business-friendly non-profit based in Washington, D.C., argues that “economic research has shown time and again that increasing the minimum wage destroys jobs for low-skilled workers while doing little to address poverty.” [http://blogs.forbes.com/moneybuilder/2010/02/24/seniors-pushing-young-adults-out-of-the-workforce/]
*In a study of over 600,000 data points, focusing on 16 to 24-year-old males without a high school diploma, the Employment Policies Institute found that every 10 percent increase in a federal or state minimum wage decreased black youth employment by 6.5 percent. [https://panampost.com/editor/2016/03/28/history-minimum-wage-harmed-blacks/ US History Shows the Minimum Wage Has Harmed the Black Community] - PanAm Post
The minimum wage does not always increase. In the summer of 2017 in Missouri, the minimum wage actually permanently decreased from $10 an hour (which was scheduled to increase to $11 per hour in January 2018), to only $7.70 an hour.<ref>http://www.msn.com/en-us/news/us/minimum-wage-set-to-drop-in-missouri/ar-BBDP27V?OCID=ansmsnnews11</ref>
The minimum wage does not always increase. In the summer of 2017 in Missouri, the minimum wage actually permanently decreased from $10 an hour (which was scheduled to increase to $11 per hour in January 2018), to only $7.70 an hour.<ref>http://www.msn.com/en-us/news/us/minimum-wage-set-to-drop-in-missouri/ar-BBDP27V?OCID=ansmsnnews11</ref>