Again.
Ken Braun: President Obama's minimum wage hike would price young adults out of jobs | MLive.com
A smattering of fast food workers walked off the job across America again on Thursday, demanding a $15 per hour minimum wage. The demonstrations were most popular in large cities, and 200 picketers reportedly protested outside a McDonald’s in Detroit.
President Obama deliberately added fuel to this fire, delivering a speech in an inner-city D.C. neighborhood a day before the scheduled protests, calling for a minimum wage hike to over $10 per hour and mentioning the fast food industry specifically.
President Obama deliberately added fuel to this fire, delivering a speech in an inner-city D.C. neighborhood a day before the scheduled protests, calling for a minimum wage hike to over $10 per hour and mentioning the fast food industry specifically.
The Bureau of Labor Statistics released its monthly jobs report on Friday, showing 20.8 percent of teenagers cannot find work, and 12.5 percent of African-Americans are facing the same prospect. For Detroit, a city with higher unemployment than the nation and a huge population of African-American teenagers, the demonstration outside McDonald’s and the President’s speech were far from helpful.
....Minimum wage jobs are the first rung on the economic ladder for many young Americans, regardless of where they live. An abundance of entry-level jobs means a lot of opportunity for new workers to enter the labor force, gain experience, and move upward.
...Increasing the minimum wage puts that first rung on the economic ladder higher, beyond the reach of more new workers. It causes the employers to hire fewer of them and look for other options.
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