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President Obama Finds Another Way to Kill the Economy December 5, 2013

Posted by geoff in News.
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Well, you’ve got your minimum wage increase that’s buried in Obamacare, you’ve got your protestors arguing for a minimum wage of $15/hr, and you’ve got your President, who believes that raising the minimum wage will create 140,000 jobs.

And then you’ve got reality, as delightfully graphed by Ironman at Political Calculations a couple of years ago:*

d-minimum-wage-levels-us-california-with-us-teen-nonemployed-to-population-ratio-1980-2012

Create 140,000 jobs? I’m kind of doubting it.

*He includes California because it represents 1 out of 8 working teens, and because it illustrates that just looking at the federal minimum wage does not capture the effects of the minimum wage hikes among the individual states.

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1. Jimbro - December 5, 2013

We resemble Venezuela more and more with each passing day.


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