Tag Archives: wage controls

Minimum Wage, Maximum Unemployment

Teenage unemployment is 25.5% — an all-time high, and nearly triple the general unemployment rate.

Maybe the fact that the minimum wage has increased three years in a row has something to do with it. Why would an employer hire someone unless they produce at least what they’re paid?

A lot of younger people have little experience and no marketable skills. Such things take time to develop. Until they do, they will remain unattractive hires unless they can be paid what they’re worth. Minimum wage laws, of course, make that illegal in many cases.

Another case of good intentions gone awry.