Comments on: The Economics Of The Minimum Wage On Teenagers http://hispanicpundit.com/2008/11/20/the-economics-of-the-minimum-wage-on-teenagers/ Wed, 10 Mar 2010 03:31:43 +0000 http://wordpress.org/?v=2.3.2 By: HispanicPundit http://hispanicpundit.com/2008/11/20/the-economics-of-the-minimum-wage-on-teenagers/#comment-193181 HispanicPundit Thu, 20 Nov 2008 18:20:56 +0000 http://hispanicpundit.com/2008/11/20/the-economics-of-the-minimum-wage-on-teenagers/#comment-193181 It basically says that for every 10% increase in the minimum wage you get a 3.2% increase in teenage unemployment. Just as economic theory would predict - the more expensive you make something, the less of that you get. Notice the important thing here: the minimum wage harms those most who it is designed to help. Whether it is teenagers or black youth, it seems that those at the bottom are always worse off under higher minimum wages. <a href="http://hispanicpundit.com/2007/01/24/the-minority-case-against-the-minimum-wage/" rel="nofollow">For more on this see this post I wrote, The Minority Case Against The Minimum Wage. Click Here.</a> It basically says that for every 10% increase in the minimum wage you get a 3.2% increase in teenage unemployment. Just as economic theory would predict - the more expensive you make something, the less of that you get.

Notice the important thing here: the minimum wage harms those most who it is designed to help. Whether it is teenagers or black youth, it seems that those at the bottom are always worse off under higher minimum wages.

For more on this see this post I wrote, The Minority Case Against The Minimum Wage. Click Here.

]]> By: TacoSam http://hispanicpundit.com/2008/11/20/the-economics-of-the-minimum-wage-on-teenagers/#comment-193178 TacoSam Thu, 20 Nov 2008 18:08:44 +0000 http://hispanicpundit.com/2008/11/20/the-economics-of-the-minimum-wage-on-teenagers/#comment-193178 HP, can you please translate that paragraph into Plain English? HP, can you please translate that paragraph into Plain English?

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