Minorities, like young people, can also be priced out of jobs. In the United States, the last year in which the black unemployment rate was lower than the white unemployment rate —1930 — was also the last year when there was no federal minimum wage law. Inflation in the 1940s raised the pay of even unskilled workers above the minimum wage set in 1938. Economically, it was the same as if there were no minimum wage law by the late 1940s.
Whatever the Obama rhetoric, the reality is that his policies in Egypt and Libya have led to replacing stable regimes, at peace with Israel and the West, and tolerant of their own Christian minorities, with chaotic regimes in which fanatical anti-Western terrorists have played a large and growing role, with hostility to Israel and murderous attacks on Christians in their own country.
One of the many unintended consequences of the political crusade for increased homeownership among minorities, and low-income people in general, has been a housing boom and bust that left many foreclosed homes that had to be rented, because there were no longer enough qualified buyers.
We have a long way to go to catch up to what Martin Luther King said 50 years ago. And we are moving in the opposite direction.
Barack Obama’s Middle East interventions have replaced stable and neutral despots in Egypt and Libya with anti-Western despots and chaos. Such is the price of pursuing ideological mirages.
Other examples could be cited of educators who produced outstanding results for minority students — in New York, Houston and other places — and faced the wrath of the education establishment, which sees schools as places to provide jobs for teachers, rather than education for students, and which will not tolerate challenges to its politically correct dogmas.
It is hard to read a newspaper, or watch a television newscast, without encountering someone who has come up with a new “solution” to society’s “problems.” Sometimes it seems as if there are more solutions than there are problems. On closer scrutiny, it turns out that many of today’s problems are a result of yesterday’s solutions.