In an interview with Walter Williams, John Stossel discusses the unintended consequences of the minimum wage laws on the African-American population.
In his new book Race and Economics, Williams shows that minimum wage laws have ended up "discriminating against low-skilled people," who are the people they were intended to help. Sadly, many compassionate people don't understand that securing a first job and learning new skills paves the way for bigger jobs with more money and better opportunity. And many African-American students also receive a sub-par education from the public school system, making it even harder for them to get hired.
Minimum wage is mistakenly used as an anti-poverty measure, and as Williams states, by all measures it has failed.