Jobless Michigan teens can thank the minimum wage hike
- July 21, 2010
- David Neumark, economics professor, is featured in the Detroit News July 21, 2010
From the Detroit News:
Teens have it pretty tough these days. From bullies and standardized tests to peer pressure and Facebook fights, modernity is adding stress to every aspect of the lives of young adults. This summer, you can add the death of the entry-level job to that list of woes. Young adults are facing unprecedented unemployment rates - and the figures for dropouts and minorities are even more staggering.. The unskilled workers that proponents of higher wages claim to be helping are especially hard hit: University of California, Irvine's David Neumark has found that a 10 percent increase in the minimum wage correlates to a nearly four percent decrease in employment for black and Hispanic 16- to 24-year-olds.
For the full story, please visit http://www.detnews.com/article/20100721/OPINION01/7210313/1008/opinion01....