But there's at least one subroup--teenagers--who should be much more affected by changes in the federal minimum wage, which just went up from 6.55 to 7.25 now.
Teenage unemployment? It's jumped to 25.5 percent, from 24 percent. Unemployment for everyone has gone up as well, to 9.7%.
Of course, this risecould be the result of many things--worsening labor markets, etc. But it's highly suggestive.
What we really need are wage subsidies. We have unemployment because wages are inflexible during recessions, as companies would rather fire people than deal with grumpy workers. Providing wage subsidies allows companies to pay less, while letting people take home the same amount of money in wages. Singapore has tried this (France as well) and found that unemployment stayed below 6%, even while GDP dropped somewhere in the double digits.
Doing this, combined with a payroll-tax holiday and mortgage modification plan, would do a whole lot more for struggling families than bridges to nowhere and a higher minimum wage.
2 comments:
Hello !.
You may , perhaps curious to know how one can manage to receive high yields .
There is no initial capital needed You may commense to receive yields with as small sum of money as 20-100 dollars.
AimTrust is what you need
AimTrust represents an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.
Its head office is in Panama with offices everywhere: In USA, Canada, Cyprus.
Do you want to become really rich in short time?
That`s your choice That`s what you desire!
I feel good, I began to take up income with the help of this company,
and I invite you to do the same. If it gets down to select a correct companion utilizes your money in a right way - that`s it!.
I make 2G daily, and my first investment was 500 dollars only!
It`s easy to start , just click this link http://zikypove.arcadepages.com/lunupemu.html
and go! Let`s take our chance together to become rich
Hi !.
You re, I guess , probably curious to know how one can reach 2000 per day of income .
There is no need to invest much at first. You may commense to get income with as small sum of money as 20-100 dollars.
AimTrust is what you haven`t ever dreamt of such a chance to become rich
AimTrust incorporates an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.
Its head office is in Panama with offices around the world.
Do you want to become an affluent person?
That`s your choice That`s what you desire!
I feel good, I started to get real money with the help of this company,
and I invite you to do the same. If it gets down to choose a proper partner who uses your money in a right way - that`s the AimTrust!.
I make 2G daily, and what I started with was a funny sum of 500 bucks!
It`s easy to get involved , just click this link http://dumybucuv.mindnmagick.com/nemymif.html
and lucky you`re! Let`s take this option together to get rid of nastiness of the life
Post a Comment