Friday, February 02, 2007

Teenage Unemployment


From today's BLS employment report:

1. Overall unemployment rate for January: 4.6% (up from 4.5% in December)

2. Unemployment rate for teenagers: 15%

3. Unemployment rate for black teenagers: 29.1% (240,000 unemployed)

4. Unemployment rate for white teenagers: 13.2% (793,000 unemployed)

Bottom Line: There are currently more than 1 million unemployed teenagers who are actively looking for employment and are unable to find jobs.

Question: Will a 40% increase in the minimum wage make it EASIER or HARDER for these 1 million unemployed teenagers to find jobs? See the cartoon above for the answer.

5 Comments:

At 2/04/2007 5:06 AM, Anonymous willwilliams@hotmail.com said...

England specifies a lower minimum wage, banded by age, for the under 22 year-olds. Would that help, or hinder?

 
At 5/29/2007 10:15 PM, Anonymous Anonymous said...

The jobs that I did when I was a teen - fast food clerk, waitress, hospital aide, discount store clerk - are almost exclusively filled by immigrants with limited English skills.

At the same time, profits are at record levels.

As I see it, the problem is not that the minimum wage is too high, it's that finding frightened, desperate people to exploit is to easy.

 
At 5/29/2007 10:16 PM, Anonymous Anonymous said...

The jobs that I did when I was a teen - fast food clerk, waitress, hospital aide, discount store clerk - are almost exclusively filled by immigrants with limited English skills.

At the same time, profits are at record levels.

As I see it, the problem is not that the minimum wage is too high, it's that finding frightened, desperate people to exploit is too easy.

 
At 7/17/2008 11:53 PM, Anonymous Anonymous said...

runescape money runescape gold tibia item tibia gold runescape accounts tibia money runescape gp buy runescape gold tibia gold tibia item buy runescape money runescape items tibia money

 
At 7/17/2008 11:53 PM, Anonymous Anonymous said...

runescape money runescape gold tibia item tibia gold runescape accounts tibia money runescape gp buy runescape gold tibia gold tibia item buy runescape money runescape items tibia money

 

Post a Comment

Links to this post:

Create a Link

<< Home