Following Minimum Wage Increases, Unemployment Spikes among Black Male Teens
invite response
2016 Jul 11, 12:34pm 2,180 views 20 comments
Comments 1 - 20 of 20 Search these comments
indigenous
2016 Jul 11, 12:55pm
Are you sure this isn't due more to recent FOMC decisions?
The FOMC has decided to do nothing. Your sarcasm is getting a little stale.
HydroCabron,
indigenous says:
"Your sarcasm is getting a little stale."
And your proper responses should be,
1.-"You can't handle the truth."
2.-Republicans don't need jobs they are on the govt.dole.
3.-Why haven't Rep/Con/Teas stopped all the big Govt. Bureaucracy.
I am going to start charging for trolling secrets.
I'm saving the good ones for myself.
HydroCabron
2016 Jul 11, 1:52pm
Are you sure this isn't due more to recent FOMC decisions?
The FOMC has decided to do nothing. Your sarcasm is getting a little stale.
You have blamed the precession of the equinoxes on Keynesians and the Fed since the late Permian period. Stale.
I am still laughing about that time you called Obama an "ideologue".
So: What facts did you bend to your crude mechanical libertarianism today?
Strategist
2016 Jul 11, 2:44pm
As we learned from Milton Friedman many years ago:
The minimum wage law is most properly described as a law saying that employers must discriminate against people who have low skills. That’s what the law says. The law says that here’s a man who has a skill that would justify a wage of $5 or $6 per hour (adjusted for today), but you may not employ him, it’s illegal, because if you employ him you must pay him $7.25 per hour. So what’s the result? To employ him at $7.25 per hour is to engage in charity. There’s nothing wrong with charity. But most employers are not in the position to engage in that kind of charity. Thus, the consequences of minimum wage laws have been almost wholly bad. We have increased unemployment and increased poverty.
Moreover, the effects have been concentrated on the groups that the do-gooders would most like to help. The people who have been hurt most by the minimum wage laws are the blacks. I have often said that the most anti-black law on the books of this land is the minimum wage law.
Friedman is right on. Thanks for posting.
We can now expect crime to go up because unemployment among young Blacks is increasing.
To all the supporters of $15.00 minimum wages for teens.....thanks for nothing.
FNWGMOBDVZXDNW
2016 Jul 11, 2:49pm
The people who have been hurt most by the minimum wage laws are the blacks. I have often said that the most anti-black law on the books of this land is the minimum wage law.
You forgot laws against hiring children and laws requiring landlords to remove peeling lead paint. I mean, the lead paint thing just drives up the cost of rent, ruining lives. And what's a single mother to do when she can't put her children to work? They should make cash while their hands are little and can manipulate sewing needles and soldering irons.
indigenous
2016 Jul 11, 2:56pm
And what's a single mother to do when she can't put her children to work?
The government pays single mothers well for each child.
You and HC orbit progressive inanity with a precession towards asininity...
The issue is the geezers who work the second job in the department stores. 20 years ago, teenagers were doing those jobs, but not it's geriatric galore. I don't think they even need the money, it's some sort of weird sadism where they intentionally obtain the second job so that youngsters can't get none as they laugh all the way to the bank.
Hey, if you keep raising the minimum wage without raising everybody else's wage, higher qualified people will compete for the minimum wage job, locking out the lower skilled people that minimum wage was designed for.
indigenous
2016 Jul 11, 4:48pm
Hey, if you keep raising the minimum wage without raising everybody else's wage, higher qualified people will compete for the minimum wage job, locking out the lower skilled people that minimum wage was designed for.
Sactly what happens.
MisdemeanorRebel
2016 Jul 11, 6:30pm
The better answer is we don't need massive unskilled employment with millions of blacks and teen unemployed.
That being said, chart is pure Bullshit. I mean, what else was a feature of 2009 besides the minimum wage increasing from a paltry $4.25/hr? It wasn't a worldwide financial crisis caused by groups like the AEI who led the way on killing Glass-Steagal and deregulating the banking industry to let the free market show how wonderful it would create permanent plateaus of fairy dust and unicorn farts, right?
FNWGMOBDVZXDNW
2016 Jul 11, 6:42pm
The government pays single mothers well for each child.
That's true, but some women don't want to sell their children.
The issue is the geezers who work the second job in the department stores. 20 years ago, teenagers were doing those jobs, but not it's geriatric galore. I don't think they even need the money, it's some sort of weird sadism where they intentionally obtain the second job so that youngsters can't get none as they laugh all the way to the bank.
The reason the geezers get the jobs is because they will actually work. They won't be on their cell phones, they won't be taking extra days off. They won't be whining about the wage or the amount of work given to them. Heck, they will actually be nice to customers and have a clue as to where stuff is located in the store.
indigenous
2016 Jul 11, 8:25pm
That being said, chart is pure Bullshit. I mean, what else was a feature of 2009 besides the minimum wage increasing from a paltry $4.25/hr?
If you would paid attention to the few paragraphs of text:
Except for a slightly higher increase of 12.2 percentage points during the aftermath of the Great Recession, the 12 percentage point increase in June was the highest monthly increase in history going back to 1972 when the BLS starting keeping records for this series.
It had nothing to do with:
I mean, what else was a feature of 2009 besides the minimum wage increasing from a paltry $4.25/hr?
The better answer is we don't need massive unskilled employment with millions of blacks and teen unemployed.
And that is a bullshit racist statement.
tatupu70
2016 Jul 12, 5:15am
They won't be whining about the wage or the amount of work given to them.
That's right. They'll take the shit sandwich offered to them by Big Business and they'll keep their mouth shut. Just like the H1Bs do.
We can't have workers who think they deserve a livable wage!! Or benefits!! Or opportunity to advance!!
That's right. They'll take the shit sandwich offered to them by Big Business and they'll keep their mouth shut. Just like the H1Bs do.
We can't have workers who think they deserve a livable wage!! Or benefits!! Or opportunity to advance!!
Sounds like a real attitude issue. They (the geezers) have been around the block a time or two. They know how it works and in many cases they have the choice if they WANT to work or not. Many are just looking at something to do and are happy to work, unlike many young people who think they should get stuff for simply existing. And my Lord, if you are actually asking me to work, it will be on my terms and what I define as work and when I want to work and, and, and. Bottom line, they don't have a clue, they forgot to buy a vowel and the only true skill set that they have is whining.
We can't have workers who think they deserve a livable wage!! Or benefits!! Or opportunity to advance!!
Livable wage??? And how (and who) will determine that? What is livable in Laredo, Texas going to work in San Francisco?? Will 'livable' in Greensboro, NC be enough to live in New York City?? You want benefits, then don't accept a job that doesn't include those?? Opportunity for advancement? Earn it, bring something to the table besides occupying space - study, earn certifications, show up when scheduled and don't waste your job time on your personal life (personal cell phone stuff). Sorry, I look at what people do (and don't do) and judge them (OMG I judge them) based on what they show me. And they show me by attitude, attire, what I see them doing when they are suppose to be working. There ARE productive young people (people in general) but there are also quite a few who don't have any idea what work requires or how to act when the are at work.
tatupu70
2016 Jul 12, 6:45am
unlike many young people who think they should get stuff for simply
No, I'd say it's more like young people who think they should get paid according to the value they add. They're tired of getting exploited.
And how (and who) will determine that?
You think it's hard to determine?
What is livable in Laredo, Texas going to work in San Francisco?? Will 'livable' in Greensboro, NC be enough to live in New York City??
And that's why minimum wage can be different in each of those areas. Why should my taxes be used to subsidize businesses by paying their labor costs?? No business should be able to pay a wage that is low enough to entitle a full time worker to collect welfare.
Strategist
2016 Jul 12, 8:24am
I'd say it's more like young people who think they should get paid according to the value they add.
If that was truly the case, the majority of these young people would be PAYING the EMPLOYER, as they are a net drag on the organization.
LOL. Costs money to train bums who don't want to learn.
Perhaps one of the more interesting data points from last week's Employment Report is displayed in the graph above, which shows that the jobless rate for black male teens (aged 16-19 years) increased to 40.1% in June from 28.1% in May. Except for a slightly higher increase of 12.2 percentage points during the aftermath of the Great Recession, the 12 percentage point increase in June was the highest monthly increase in history going back to 1972 when the BLS starting keeping records for this series. One possible explanation for this spike would be the “midyear burst of minimum-wage increases on July 1†outlined in a recent WSJ article:
On July 1, 14 U.S. cities, states and counties, plus the District of Columbia, will raise their minimum wage in a mid-year burst that reflects the legislative momentum to boost pay floors across the country while federal legislation stalls. In total, the minimum wage will rise in 15 places: two states – Maryland and Oregon, plus Washington, D.C., Los Angeles County, Calif., and 11 cities. That includes Chicago, eight cities in California and two in Kentucky, according to a new analysis by the right-leaning Employment Policies Institute.
As we learned from Milton Friedman many years ago:
The minimum wage law is most properly described as a law saying that employers must discriminate against people who have low skills. That’s what the law says. The law says that here’s a man who has a skill that would justify a wage of $5 or $6 per hour (adjusted for today), but you may not employ him, it’s illegal, because if you employ him you must pay him $7.25 per hour. So what’s the result? To employ him at $7.25 per hour is to engage in charity. There’s nothing wrong with charity. But most employers are not in the position to engage in that kind of charity. Thus, the consequences of minimum wage laws have been almost wholly bad. We have increased unemployment and increased poverty.
Moreover, the effects have been concentrated on the groups that the do-gooders would most like to help. The people who have been hurt most by the minimum wage laws are the blacks. I have often said that the most anti-black law on the books of this land is the minimum wage law.
https://fee.org/articles/following-minimum-wage-increases-unemployment-spikes-among-black-male-teens/