Urban League President Marc Morial is warning black America to be wary of wolf-in-sheep-clothing attempts to raise minimum wage and cut estate taxes.
“Draining revenue from the U.S. treasury while at the same time giving the working poor a raise sounds like voodoo economics to me. This is just another example of legislators’ inability to seriously address economic disparities between whites and minorities in this nation,” he said.
According to the Bureau of Labor Statistics, a higher percentage of white hourly wage earners work for minimum wage or less compared with blacks – 2.5 percent vs. 2.2 percent.
“This indicates that we cannot rely solely on a minimum wage hike as the panacea for the economic ills facing African-Americans. But it’s a good start,” Morial said.