Patrick Byrne

@PatrickByrne ↗

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Last Checked March 17, 2023

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Tue Mar 14 14:25:34 +0000 2023

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Patrick Byrne @PatrickByrne

In 1931 Congress passed the Davis Bacon Act to shield Whites from Black competition. See this fine 1994 National Black Law Journal article: "The Davis-Bacon Act: Vestige of Jim Crow" https://t.co/0Ovz9GspJ1 — PolitiTweet.org

Posted March 14, 2023

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Patrick Byrne @PatrickByrne

In response to that, Blacks began migrating North (leading to the Harlem Renaissance). These arriving Black workers competed with White labor. Firms hiring Black construction workers were underbidding firms with unionized White workers (whose unions would not admit Blacks). — PolitiTweet.org

Posted March 14, 2023

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Patrick Byrne @PatrickByrne

That is the true origin of minimum wage laws passed that decade. The economic analysis of such laws is that they reduce the cost of discrimination to $0. When the cost of something falls, society consumes it more if it. This includes discrimination. — PolitiTweet.org

Posted March 14, 2023