Speaking on Fox News recentlyconservative columnist Charles Krauthammer proposed what, to many, might have sounded like a rather novel compromise on the minimum wage. His idea? We should have two of them, a higher minimum for "breadwinners," and a lower minimum for everybody else.
High minimum wage rates lead to unemployment for teens. One of the prime reasons for this drastic employment drought is the mandated wage hikes that policymakers have forced on small businesses. Economic research has shown time and again that increasing the minimum wage destroys jobs for low-skilled workers while doing little to address poverty.
The scant number of studies on this issue have yielded contradictory findings, leaving the issue unresolved. The impact of a higher minimum wage on teen employment and school enrollment is an important issue to policy makers, in view of the demographics of minimum wage workers. Current statistics based on the Current Population Survey-Outgoing Rotation data show that teenagers between the ages of 16 and 19 represent
Dan Crawford January 27, pm. It is an interesting chart, but it suffers from the sin of omitted variables. I constantly see similar charts from those opposing the minimum wage were they seem to assume that nothing impacts teen employment except the minimum wage. They apparently believe that the business cycle never impacts teen employment or unemployment.
As high-school students begin their summer vacations, fewer teenagers in Massachusetts will be working part-time, seasonal jobs than in previous decades, part of an ongoing trend across the country. Republican lawmakers, worried that minimum wage increases are further driving down teen employment rates, want to address the situation by allowing businesses to pay seasonal or part-time workers under the age of 18 less than adults, arguing that a "teen wage" is necessary to boost hiring. Hill, the House assistant minority leader, filed one of several bills before the committee that would authorize a lower wage for workers younger than
The summer she was 17, Marisa worked as a line cook at a boutique hotel. She baked parmesan-cheese crisps for Caesar salads, washed leafy greens, and picked fresh herbs from the garden. Marisa was also responsible for whipping up salads on demand for room service orders.
Teenagers can earn money, learn responsibility, and gain valuable experience working summer jobs. While laws vary from state to state with regard to what kinds of jobs teens can work, the minimum age for employment and salary requirements, summer work can be a great stepping stone to higher levels of future employment. The minimum wage is the absolute lowest pay a business can offer its employees.
Publication Date: July Topics: Minimum Wage, Teen Unemployment. Perhaps you had your heart set on a summer job as a lifeguard, waitress or movie attendant.
The recent February jobs report revealed another strong month of job growth, as the economy addedjobs nationwide. Additionally, the job gains in February marked the 89 th consecutive month employment has grown, which is a new record. But despite this positive news, there are still some troublesome long-term trends. Since there has been a decline in the percentage of people ageto who are employed, and the decline has been particularly severe among men.