From the Wall Street Journal:
Today marks the first anniversary of Congress’s decision to raise the federal minimum wage by 41% to $7.25 an hour. But hold the confetti. According to a new study, more than 100,000 fewer teens are employed today due to the wage hikes.
Economic slowdowns are tough on many job-seekers, but they’re especially hard on the young and inexperienced, whose job prospects have suffered tremendously from Washington’s ill-advised attempts to put a floor under wages…
This is another one of those “we told you so” moments. We told you liberals that if you raise the cost of employing inexperienced workers then fewer of them would be employed. You, on the other hand, kept on and on about how unfair it was to have people working for the lower minimum wage – can you please explain how fair it is for people not to be paid any wage?
We’d hope this would be a lesson you liberals would never forget – but, you will. In fact wouldn’t surprise me at all to find that there’s already pressure being applied to increase the minimum wage even more. Why would liberals do this? If its not because of clinical insanity, then we’ll have to fall back on “ignorant/stupid” for our reasons.
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