Van Lines

with Joe Vanden Plas

April 2013


Minimum wage hike: When politics trumps economics

In January of 2013, the month before President Obama called for a 25% increase in the federal minimum wage, the unemployment rate among African American teens was 37.8%. A strong majority of Americans, 71% according to a USA Today/Pew Research Center poll, support the measure, a tribute to the nation’s willingness to make the tradeoff of fewer jobs for higher pay. If enacted, it would result in less entry-level job creation than otherwise would occur.

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