Posts Tagged ‘minimum wage’
Congress acts, and thousands lose jobs in American Samoa
Hello American Samoa! We’re from the government and we’re here to help you. We’re going to ensure you earn a living wage by forcing employers to pay you a minimum wage equal to workers in the United States. Sounds great right?
Read MoreThe economics of the minimum wage
I’ve written frequently about decisions that must be made when costs increase for owners and managers of business. Increased costs include mandated government minimum wages, and Ball State University recently published a policy brief on who lost the jobs when the minimum wage increased.
Read MoreIs the minimum wage increase helping?
Yeah, don’t think so. So much for the increase in the minimum wage that happened in July. I’m NOT saying the increase in the federal minimum wage directly caused the problem, but the unemployment rate for the 16 – 24 age bracket now stands at 52.2 percent.
Read MoreRaising the minimum wage making things worse
Back in August, I wrote about how raising the minimum wage can increase unemployment since government mandated wage increases puts a strain on small businesses, increases prices and deflates buying power. Today, Morrissey over at Hot Air brings us news of a new book written by a professor of economics and an associate director of…
Read MoreConfirmed? Raising minimum wage increases unemployment
Here’s another great new learning opportunity for readers. If you owned a small business that employed 10 teenagers, how important is the payroll line in your budget? A majority of teens make minimum wage while they scoop ice cream, mow lawns and work at fast food joints. Many of these employees are paid more than…
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