(h/t CafeHayek)
In order to combat the recession, the Obama administration instituted a cash-for clunkers program that destroyed thousand of valuable cars that could have helped poor people get to work.  Which is okay, I suppose, since the administration destroyed many of those jobs anyway when it allowed the minimum wage to increase in 2009.
The minimum wage has never actually been intended to help the people at the bottom of the ladder.  It’s always been about destroying their job opportunities in order to help people higher on the ladder.
The teen unemployment rate is 24%; in 2000, it was less than 13%.

(h/t CafeHayek)

In order to combat the recession, the Obama administration instituted a cash-for clunkers program that destroyed thousand of valuable cars that could have helped poor people get to work.  Which is okay, I suppose, since the administration destroyed many of those jobs anyway when it allowed the minimum wage to increase in 2009.

The minimum wage has never actually been intended to help the people at the bottom of the ladder.  It’s always been about destroying their job opportunities in order to help people higher on the ladder.

The teen unemployment rate is 24%; in 2000, it was less than 13%.

  1. moorewr reblogged this from jeffmiller and added:
    It’s worth noting some serious flaws in this post: that your two data points are late in aperiod of growth and low...
  2. mizzmoneypussy reblogged this from humanthesaurus and added:
    I want you to know that I understand what youre saying, and that you’re just like my boyfriend. I just did a shitty job...
  3. humanthesaurus reblogged this from mizzmoneypussy and added:
    Just want to point out that not getting a job doesn’t mean you’re a “spoiled brat who don’t work because mommy and daddy...
  4. perfectclassic reblogged this from antigovernmentextremist and added:
    Lots of people need to understand this.
  5. coelophysinae reblogged this from antigovernmentextremist
  6. ken060693 reblogged this from antigovernmentextremist
  7. cjjc0 reblogged this from antigovernmentextremist
  8. hecknoemilio reblogged this from antigovernmentextremist and added:
    Screw the minimum wage. It’s something that could be eliminated so easily, and would have a really positive effect on...
  9. antigovernmentextremist reblogged this from jeffmiller
  10. jeffmiller posted this