Monday, April 7, 2014

Let's eliminate the minimum wage for teenagers - my newest oped in Forbes

Link here

But this law has a devastating impact on teenagers, who aren’t trying to raise a family.  In 2013, 16-19 year olds had an unemployment rate of more than 20 percent.  Workers in every other wage group suffered much lower rates of unemployment. If it weren’t for the minimum wage, we would expect these rates to be much more equal.  The minimum wage’s impact is far worse for African Americans, who often are enrolled in failing, union-controlled, government school districts and are more likely to be raised by a single parent. The unemployment rate among African-American teenagers was about 40% in 2013!

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