Posted in Cost of labor, Economic Issues, Education, Free Society, Government Regulations, Job loss, Liberty, Minimum wage, Policy Issues, Rule of Law, Uncategorized, Unemployment

Rising Minimum Wages: Job Seeking Teens Need Not Apply – Political Calculations – Townhall Finance Conservative Columnists and Financial Commentary – Page full

In essence, the minimum wage hikes from 2007 onward are directly responsible for creating structural unemployment in the United States, which is what we directly observe in our chart above. They would appear to have permanently displaced roughly 1.4-1.5 million Americans from the U.S. job market.Faced with these kinds of artificially inflated costs for doing business, employers who might previously have been able to cover the cost of employing teens, including their costs for training them to do the entry level jobs they were willing to make available to them, were put in the position of telling ambitious teens seeking to gain employment experience and money to pay for things like a portion of their college education that they would not consider hiring them.

In fact, in states that have recently acted to boost their own minimum wages well above the current federal minimum wage level in the next several years, employers are already telling teens in those states to not bother applying for jobs:

via Rising Minimum Wages: Job Seeking Teens Need Not Apply – Political Calculations – Townhall Finance Conservative Columnists and Financial Commentary – Page full.

Author:

A primary care physician by training, my passion is researching and writing about the importance restoring patient centered care, supporting independent private physicians, promoting free-market solutions and seeking sustainable fiscal policy in healthcare.

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