Speaking Up For Poorest, Least Skilled Americans
WALL STREET JOURNAL -- Here's some economic logic to ponder. The unemployment rate in June for American teenagers was 24% (see chart above), for black teens it was 38%, and even White House economists are predicting more job losses. So how about raising the cost of that teenage labor?
If Congress were wise and compassionate, it would at least suspend the wage hike for one or two years until the job market recovers. We know this Congress won't do that, but someone has to speak up for the poorest, least skilled Americans.