Wednesday, May 11, 2011

Minimum Wage Laws are Devastating (to Those Who Want to Work)

Bill Frezza explains how minimum wage laws lead to massive unemployment (by discouraging employers from hiring people!). I recommend reading his article.  Here is an excerpt. 
The question minimum wage advocates never answer is; how are these unskilled youths supposed to climb the economic ladder if you pass laws that prevent them from getting their first job? How are they supposed to demonstrate their fitness for more responsibility by doing simple things like buying an alarm clock and showing up for work on time every morning?

The only thing less attractive to an employer than a 16-year-old with a crummy education, no experience and underdeveloped work habits is a 24-year-old with a crummy education, no experience and underdeveloped work habits. If the law isn't changed to give these kids some hope, the former will turn into the latter sure as night follows day.

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