June 5, 2011

Minimum Wage and the War on Poverty

The link below is worth a look. Walter Williams discusses how it could be that America has spent trillions to help the poor since Lyndon Johnson declared a "War on Poverty" in the 1960's, yet poverty rates are about the same today. He also talks about the debilitating effects of minimum wage laws. It is astounding that a very high percentage of Americans support minimum wage laws.  People cling to that belief no matter how much data to the contrary confronts them.

Walter Williams and the War on Poverty 
 

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