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Wednesday, January 19, 2011

Waging War on Black Teens

Congress believes it has the solution to America's epidemic of joblessness: a so-called jobs bill whose centerpiece is a tax credit for companies that hire one of the 15 million unemployed.

Many legislators from the Congressional Black Caucus criticize the bill for not going far enough. And they are right. It doesn't remove one of the many factors that has caused higher unemployment: a government-imposed minimum wage.

Today, black unemployment is almost 16 percent and was at a 25-year high, even as the overall unemployment rate declined from 10 percent to 9.7 percent.

Read the rest of the article by Richard W. Rahn and Izzy Santa

Richard W. Rahn is a senior fellow at the Cato Institute and Izzy Santa is an adjunct researcher at the Center for Freedom and Prosperity.

Filed by Grant Davies,
Regular Columnist, THL
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