A story in the NYT today highlights the unemployment rate of young people with few skills. Amazing that the writer leaves out the biggest cause of that unemployment, a hike in the Federal Miniumum Wage.
Unemployment began to creep up the moment it changed this summer. Maybe there was some coincidence with an economic down turn, but higher wages for the same productivity will result in a loss of jobs.
Higher minmum wagers are great for the people that have jobs and actually keep them, but really tough for people that cannot find employment in the first place.
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