Tuesday, May 27, 2008

Minimum Wage as Tax on Teens

From the Economist. Not exactly surprising. It's one of those "be careful what you wish for". I've never really understood this idea that wages can be increased without any costs - as this will have no impact to employers. While I think from an employer perspective, it hurts smaller businesses the most, you get more people stuck in that cycle of "how do you get experience if no one will hire you"?

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