Minimum Wage Goes Up, Teenagers And The Poor Hit The Hardest

Proof • July 24, 2009

The minimum wage is often sold by grandstanding politicians as a raise for the working poor who deserve more. In truth, it’s more like a tax on entry-level and low-skill labor (read: teenagers, the elderly and the poor) that results in fewer of them being employed.

In 2007, Congress voted to increase the minimum wage, raising it in three $0.70 increments from $5.15 to $7.25 an hour. The first increase took place in July 2007, the second in July 2008, and the final increase will take effect on July 24, 2009. This final installment represents a 10 percent increase in the cost of hiring minimum wage employees. …
This minimum wage increase will artificially increase costs for struggling businesses at exactly the wrong time. And as a result, it will cost 300,000 teenagers and young adults their jobs.

Here’s a graph showing exactly what the minimum wage hikes have done for unemployment (remember that the minimum wage hikes started in 2007):

Proponents of the minimum wage often accuse opponents of the same of being callous and uncaring toward low-wage workers. And yet, evidence shows again and again that raising the minimum wage causes unemployment among the very low-wage workers the proponents of that policy claim to want to help.
Seems to me that it’s better to have a job available at a lower wage than fewer jobs available at higher wages.

Tags: Asshats, Domestic Issues, Politics

http://Array jimmypop

evidence shows again and again that raising the minimum wage causes unemployment among the very low-wage workers the proponents of that policy claim to want to help

i honestly cant figure out how people cannot see this.

Here’s a graph showing exactly what the minimum wage hikes have done for unemployment (remember that the minimum wage hikes started in 2007):

we have had hikes before so saying this acceleration is not due in part to the failing economy is dishonest. regardless, this was the WORST time to do this wage pump. the liberals and weaklings like bush are 100% to blame for this one, no doubt about it.
http://www.webwallpapers.net/ Wallpapers

Well, you can’t save them all. If everyone is in the toilet then nobody does any spending because they can barely afford to live. But, if a portion of those people have a couple extra bucks for spending money, then it might boost the economy.

Sometimes you need to sacrifice a few to save many.
Bat One

Whatever modest claim Obama and the Democrats might have had regarding a declining rate of increase in unemployment just vanished into thin air. Meanwhile, corporate profits are rising as companies with largely flat revenues are reducing their costs by letting marginal workers go.

Obama and the Democrats are actually causing, or exacerbating, the very problems they try to convince us that they’re fixing.
http://magyartruth.blogspot.com/ Chief RZ

The Democrats did this when they voted for raising the minimum wage. They think they can control the law of supply and demand as well as gravity and sunspots.
http://www.rabidamerican.net/ Rabid American

The Pelosi lead democrats have had the House and Senate since the 2006 elections…. bought on the backs of the people that are directly impacted by this.

These new job losses are a direct result of the democrat control of Congress, no question!

Further more, minimum wage was NEVER intended to support a family regardless of configuration. It is nothing more than a political tool to use on the stupid who are old enough to vote.

Other jobs impacted to a large degree by this “raise” are those held by illegals. The illegals have filled the jobs that our lesser-educated, teenagers, and college kids used to fill.

Illegals taking these jobs has manifested a greater negative impact on our teenagers, and young adults, than any wage issues.

Wonder if any of these sheep will notice this and put 2 & 2 together……

I doubt it……
Ike

Most people believe the minimum wage ensures “fair pay” for the lowest skilled workers. In practice it only ensures that people with below minimum wage skills, remain unemployed. Only a philanthropist would hire such a person. Maybe congress should set the minimum wage at an arbitrary $75.50/hour. This way all Americans would feel the pain such a mandate has on low-skilled workers. Most of us would lose our jobs and we wouldn’t be able to afford the goods and servises we once could.

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Minimum Wage Goes Up, Teenagers And The Poor Hit The Hardest

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