The minimum wage was invented by people wanting to disemploy undesirables so they would not reproduce. – The Chart That Barack Obama Does Not Want Young, Black Males To See | Zero Hedge

Perhaps one of the more interesting data points from last week’s Employment Report is displayed in the graph above, which shows that the jobless rate for black male teens (aged 16-19 years) increased to 40.1% in June from 28.1% in May. Except for a slightly higher increase of 12.2 percentage points during the aftermath of the Great Recession, the 12 percentage point increase in June was the highest monthly increase in history going back to 1972.

Source: The Chart That Barack Obama Does Not Want Young, Black Males To See | Zero Hedge

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