A pretty, but not very smart labor economist and economic historian! She is an obsessed one trick pony at the Canadian CIFAR. She is also an Assistant Professor of Economics at Princeton University.
First, I bet the wealth gap between rich and poor white Americans is large too and may not have changed much in many years.
"... “This is really one of the most pressing problems in our society to solve, this issue of inequality, and growing economies in a way that people aren’t left behind,” she says. ... with an interest in social justice to economics. ..."
So what is she proposing:
"... From the limited examples of reparations payments to Black Americans in U.S. history, economists have found that these payments not only closed gaps in one generation, but benefits spilled over to the next. ...
She points to the example of the expansion of minimum wage in 1967 to industries like restaurants and retail service. Within 10 years, the racial income gap fell to half its former size. ..."
She points to the example of the expansion of minimum wage in 1967 to industries like restaurants and retail service. Within 10 years, the racial income gap fell to half its former size. ..."
Minimum wages are unconstitutional! I bet the income situation in industries like restaurants and retail services would have improved without government imposed minimum wages.
Who is to pay what for reparations? Two wrongs don't make a right! Again it is asking for Big Government!
Ellora Derenoncourt
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