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Keyword: minimumwage

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  • How U.S. Minimum Wage Compares To Salaries In Europe

    02/02/2011 1:59:06 PM PST · by SeekAndFind · 23 replies · 1+ views
    Business Insider ^ | 02/02/2011 | Kamelia Angelova
    The European Commission reported the monthly minimum wages for European countries for 2011, and we calculated how the U.S. compares to European salaries. Turns out we are nestled right between Greece and Spain.
  • Low education levels holding Nevada's economy back, official says

    01/07/2011 11:31:56 AM PST · by redreno · 34 replies
    Las Vegas Sun ^ | Friday, Jan. 7, 2011 | 11:01 a.m. | By Buck Wargo
    Nevada’s higher education levels are holding the region back from diversifying its economy and the city has become a modern-day version of Pittsburgh or Detroit, which once relied on one sector for its growth to its detriment, the director of a UNLV-based think tank said today. Robert Lang, the director of Brookings Mountain West, outlined the problems Nevada faces as he kicked off a day-long conference at UNLV on how to diversify the economy. Lang said the state has touted itself for its favorable business climate but said that’s meaningless without having a skilled and educated workforce that makes companies...
  • Ore. minimum wage goes up Jan. 1; Wash. already highest in U.S.

    12/30/2010 8:29:08 AM PST · by Clint Williams · 13 replies · 14+ views
    KATU ^ | 12/28/10 | KATU News and Staff
    PORTLAND, Ore. – On Jan. 1 the minimum wage throughout Oregon state goes up by a dime, to $8.50 an hour. This cements Oregon and Washington's positions as the two highest-paid states for minimum-wage workers in the U.S. Washington comes in first, at $8.55. Except for the past two years, Washington state's rate has risen steadily since voters passed Initiative 688 in 1998, which matched wage increases to inflation. Oregon comes in second. Federal minimum wage is $7.25. ...
  • Members of Congress Vote for Higher Minimum Wage While Offering Unpaid Internships

    11/08/2010 6:32:31 AM PST · by MichCapCon · 4 replies
    Capitol Confidential ^ | 11/8/2010 | Jarrett Skorup
    In 2007, both of Michigan's senators and seven of the House of Representative members currently serving voted to raise the federal minimum wage. However, all nine of these elected officials offer unpaid internships for their congressional offices. This information comes on the heels of an Obama administration announcement this past spring that the Department of Labor would begin cracking down on unpaid internships offered by private businesses. The department seeks to eliminate unpaid internships for nearly all for-profit companies. Some believe this is a sign of hypocrisy by these members of congress and that there is value in unpaid internships....
  • Members of Congress Vote for Higher Minimum Wage While Offering Unpaid Internships

    11/06/2010 8:10:06 PM PDT · by MichCapCon · 6 replies
    Capitol Confidential ^ | 11/6/2010 | Jarrett Skorup
    In 2007, both of Michigan's senators and seven of the House of Representative members currently serving voted to raise the federal minimum wage. However, all nine of these elected officials offer unpaid internships for their congressional offices. This information comes on the heels of an Obama administration announcement this past spring that the Department of Labor would begin cracking down on unpaid internships offered by private businesses. The department seeks to eliminate unpaid internships for nearly all for-profit companies. Some believe this is a sign of hypocrisy by these members of congress and that there is value in unpaid internships....
  • Members of Congress Vote for Higher Minimum Wage While Offering Unpaid Internships

    11/06/2010 2:10:52 PM PDT · by MichCapCon · 6 replies
    Capitol Confidential ^ | 11/6/2010 | Jarrett Skorup
    In 2007, both of Michigan's senators and seven of the House of Representative members currently serving voted to raise the federal minimum wage. However, all nine of these elected officials offer unpaid internships for their congressional offices. This information comes on the heels of an Obama administration announcement this past spring that the Department of Labor would begin cracking down on unpaid internships offered by private businesses. The department seeks to eliminate unpaid internships for nearly all for-profit companies. Some believe this is a sign of hypocrisy by these members of congress and that there is value in unpaid internships....
  • Health Care and Hamburgers

    10/15/2010 5:23:00 PM PDT · by jfd1776 · 5 replies
    Illinois Review ^ | October 15, 2010 A.D. | John F. Di Leo
    The easiest way to discuss the inherent flaw in raising the minimum wage is to consider the hamburger shop that can afford to pay $30 in salary, total, for one hour of operation. At $5 per hour, the owner can hire six employees. If he must pay $6/hour, he can only employ five, and make them work faster. If he is forced to pay $10/hour, he must seriously overwork just three employees. Eventually, service will suffer, and the shop will go out of business, putting them all out of work. We cannot know, from the outside, how many employees are...
  • (Minimum Wage Enforcement) Efforts Meant to Help Workers Batter South Africa’s Poor

    09/27/2010 3:09:18 AM PDT · by reaganaut1 · 3 replies
    New York Times ^ | September 26, 2010 | CELIA W. DUGGER
    NEWCASTLE, South Africa — The sheriff arrived at the factory here to shut it down, part of a national enforcement drive against clothing manufacturers who violate the minimum wage. But women working on the factory floor — the supposed beneficiaries of the crackdown — clambered atop cutting tables and ironing boards to raise anguished cries against it. “Why? Why?” shouted Nokuthula Masango, 25, after the authorities carted away bolts of gaily colored fabric. She made just $36 a week, $21 less than the minimum wage, but needed the meager pay to help support a large extended family that includes her...
  • Economics 101: Minimum Wage and Living Wage

    08/18/2010 2:15:36 AM PDT · by tysonbam · 5 replies · 1+ views
    Rancor News ^ | June 20th, 2010 | Tyson Bam
    Economics 101: Minimum Wage and Living Wage Being the kind compassionate souls we Americans are, we often get tricked into believing things because we want them to be true. Wages, jobs, and poverty are often passionately debated and exceptionally prone to hopeful misinformation and logical fallacies. Minimum wage and the idea of a “living wage” are examples of just that. They sound good and helpful but in practice they do more bad than good. They displace jobs and discourage hiring, cause increases in price levels, and they don't help the majority actually raise their quality of life. If this all...
  • Many Teen Workers Are Going Jobless This Summer

    07/21/2010 7:11:04 PM PDT · by george76 · 78 replies
    CNBC ^ | 21 Jul 2010 | : Joseph Pisani
    Several factors have aligned to hurt what was once a vibrant and reliable labor market, experts say. In some cases, unemployed older Americans or illegal immigrants have taken the jobs, while an increase in the minimum wage has made it too expensive for some employers to hire teens. Small says that among a group of 25 friends, only one has found consistent work for the summer... In construction and landscaping, illegal immigrants have pushed teens out of jobs, “It’s too expensive for us to hire teens that don’t have experience,” said Karin Devencenzi... also blames the minimum wage. At $8.40...
  • Schwarzenegger fights union involvement in minimum wage case

    07/14/2010 9:40:49 AM PDT · by BenLurkin · 5 replies
    sacbee ^ | July 14, 2010 | Jon Ortiz
    Attorneys for the Schwarzenegger administration on Tuesday filed a brief in Sacramento Superior Court that argues state employee unions shouldn't be allowed to enter the minimum wage fight between the governor and State Controller John Chiang. As reported here, California Association of Professional Scientists and Professional Engineers in California Government on Monday filed a motion to be a party in the minimum wage litigation flying back and forth the last week or so. SEIU Local 1000 and CCPOA have done the same. All the unions are siding with Chiang. A hearing is set for Friday at 11 a.m. The administration's...
  • Old technology stymies Calif. gov's pay-cut order [state's computers "can't restate paychecks"]

    07/04/2010 3:07:11 PM PDT · by KentTrappedInLiberalSeattle · 27 replies · 1+ views
    MSNBC ^ | 07/03/10 | Cathy Bussewitz
    SACRAMENTO, Calif. — As the Terminator, Arnold Schwarzenegger was the technology of the future, feared by humans. As governor, he's being foiled by the technology of the past. For the second time in two years, Schwarzenegger has ordered most state workers' pay cut to the federal minimum wage because lawmakers missed their deadline to fix the state's $19 billion budget deficit. The Legislature's failure to act has left the state without a spending plan as the new fiscal year begins. A state appellate court ruled in Schwarzenegger's favor Friday, but the state controller, who issues state paychecks, says he can't...
  • Our Problems Not in the Atmosphere, But On the Earth

    07/05/2010 7:42:37 AM PDT · by Kaslin · 9 replies ^ | July 5, 2010 | Star Parker
    A delegation of 20 black mayors representing the National Conference of Black Mayors arrived in Washington, DC to lobby congress to pass legislation to promote “clean energy.” According to the delegation’s press release, they want “a national plan to move their cities to become more energy efficient, reduce pollution and create new clean energy jobs and businesses.” But is black unemployment twice the national unemployment rate because of carbon emissions? Are the budgets of state and local governments running in the red because of the kind of energy Americans burn? One visit that the delegation of black mayors did not...
  • Court backs Schwarzenegger wage order

    07/02/2010 12:23:06 PM PDT · by SmithL · 16 replies
    Sacramento Bee ^ | 7/2/10 | Jon Ortiz
    The 3rd District Court of Appeal has upheld a two-year-old ruling allowing Gov. Arnold Schwarzenegger to reduce state workers to minimum wage in the absence of a budget. The court, agreeing with a Sacramento Superior Court ruling, said State Controller John Chiang overstepped his authority by refusing to issue minimum-wage paychecks to state workers during the 2008 budget impasse. The decision, published just moments ago, comes the day after Gov. Arnold Schwarzenegger's Department of Personnel Administration gave Chiang the same pay reduction instructions the controller rejected two years ago. Chiang's office has not said whether it will appeal to the...
  • Schwarzenegger Orders Minimum Wage for State Workers

    07/01/2010 5:15:46 PM PDT · by GiovannaNicoletta · 14 replies
    The Sacramento Bee ^ | July 1, 2010 | Jon Ortiz
    The Schwarzenegger administration today ordered State Controller John Chiang to reduce state worker pay for July to the federal minimum allowed by law -- $7.25 an hour for most state workers. The instructions from the Department of Personnel Administration exclude roughly 37,000 state workers in six bargaining units that recently came to tentative labor agreements with Gov. Arnold Schwarzenegger.
  • Why don't we raise the minimum wage to $100 an hour?

    06/29/2010 11:49:18 AM PDT · by NevadaPolicyResearchInstitute · 33 replies
    Write on Nevada ^ | 6/29/2010 | Victor Joecks
    Because of a 2006 constitutional amendment, Nevada's minimum-wage will increase by 70 cents an hour on July 1.Nevada's hourly minimum wage is set to jump 70 cents, or 9.3 percent, on Thursday, from $7.55 to $8.25 for workers who don't receive health benefits through their employer. For workers with company-sponsored health insurance, the minimum will rise 10.7 percent, from $6.55 to $7.25. Credit the increases to a referendum Nevada's voters passed in 2006. The law pushed the Silver State's minimum wage for uninsured workers $1 per hour higher than the federal rate, and required Nevada's base wage to rise every...
  • Memo: Schwarzenegger ready to slash workers to minimum wage ('threats' of more furlough days too)

    06/23/2010 6:24:41 PM PDT · by NormsRevenge · 21 replies · 1+ views
    LA Times ^ | 6/23/10 | Shane Goldmacher
    Gov. Arnold Schwarzenegger plans to cut the pay of state workers to minimum wage if a timely budget accord is not reached, according to a memo sent Wednesday from the director of the governor's Department of Personnel Administration to state agency and department heads. The memo, written by DPA director Debbie Endsley, also warned that Schwarzenegger could order more controversial furloughs, even though the state's final scheduled furlough day for tens of thousands of employees was last Friday. "The Governor retains the right and authority to order furloughs if necessary to address a fiscal and cash crisis," Endsley wrote. The...
  • State Workers Face Minimum Wage

    06/12/2010 1:57:08 PM PDT · by BenLurkin · 20 replies · 629+ views
    california report ^ | Full episode for Jun 11-13, 2010 | Rachael Myrow
    While the state's political attention was focused on this week's election, the days have been ticking away toward the deadline for a new state budget. State workers have been watching that story closely because if lawmakers don't get a budget passed by July 1, the Schwarzenegger administration is threatening to drop state employees to the federal minimum wage of $7.25 an hour until a budget is passed
  • CALIFORNIA: Controller suggests feds help fight off minimum wage for state workers

    06/10/2010 8:43:38 AM PDT · by SmithL · 8 replies · 95+ views
    Sacramento Bee ^ | 6/10/10 | Jon Ortiz
    Hoping to head off an order to drastically reduce state worker pay if budget talks stall, Controller John Chiang's office sent a message to employee unions this week suggesting they reach out to a friend – U.S. Labor Secretary Hilda Solis. Although the three-page plain-paper memo acquired by The Bee is unsigned, the controller's office confirmed that Chiang Chief of Staff Collin Wong-Martinusen wrote the document circulated to labor leaders on Monday. "Seek Solis' immediate intervention on an unprecedented pay practice that, if allowed to proceed in California could become the new norm for all state and municipal governments that...
  • CHART OF THE DAY: Remember When Teenagers Used To Work Over Summer Vacations?

    06/06/2010 10:56:02 AM PDT · by tje · 22 replies · 571+ views
    Business Insider ^ | Jun. 1, 2010, 3:42 PM | Vince Veneziani and Kamelia Angelova
    Like a rite of passage, when June begins and May ends, it's time for teenagers to get out of school and look for a summer job. Be it pizza place or camp or McDonalds, a job is key in both learning experience and cash reserves. But this year, the job market for teens will become more congested and competitive. EconomPic points out that this could be the worst summer for jobs for teenagers since the Great Depression: "...while the unemployment rate among 16-17 year olds is 29.1% (from a 1980's peak of 27.1%), that rate is missing the fact that...
  • The New Cannery Row

    06/02/2010 11:24:26 AM PDT · by throwback · 15 replies · 520+ views
    WSJ ^ | JUNE 1, 2010 | Editor
    Hidden inside the latest Democratic spending bill is an $18 million taxpayer handout to American Samoa. How did that get in there? Read on for another lesson in the uncreative jobs destruction of the minimum wage. When Democrats in Congress increased the minimum wage in 2007, the U.S. territory of 65,000 in the South Pacific pleaded for its traditional exemption from the wage law to prevent job losses. But Democrats followed union orders and said that if multinational companies like StarKist, one of Samoa's largest employers, could pay its CEO millions it could afford to pay workers $7.25 an hour....
  • StarKist laying off 600-800 in American Samoa

    05/14/2010 9:31:10 AM PDT · by Willie Green · 43 replies · 1,210+ views
    KDKA ^ | May 13, 2010 | AP
    PAGO PAGO, American Samoa (AP) ― American Samoa's last remaining tuna cannery announced it is cutting its work force in the U.S. territory by an additional 600 to 800 people to keep up with global competition. Pittsburgh-based StarKist Co. said Thursday in a news release that the layoffs over the next six months will shrink its American Samoa work force to less than 1,200 employees, down from a high of more than 3,000 in 2008. StarKist President and CEO Don Binotto said in the release that it is difficult to compete when workers' wages are nearly 10 times those of...
  • Death for Ann Arbor's 'Living Wage'?

    04/29/2010 12:19:51 PM PDT · by MichCapCon · 9 replies · 653+ views
    Michigan Capitol Confidential ^ | 4/29/2010 | Tom Gantert
    Michigan - One of the entry-level jobs at the City of Ann Arbor's waste transfer station entails separating glass bottles from aluminum as they come down a conveyor belt. For that job, FCR, the company that manages the waste station, usually pays the minimum wage of $7.40 an hour. But because the city of Ann Arbor passed a "living wage" ordinance, those sorters make $13.05 an hour this year. Thanks to a deal struck with the City Council, the city reimburses FCR so that it can pay the higher "living wage." But a recent Michigan Supreme Court decision may invalidate...
  • The State Worker: Does minimum wage loom?

    04/29/2010 7:56:00 AM PDT · by SmithL · 7 replies · 580+ views
    Sacramento Bee ^ | 4/29/10 | Jon Ortiz
    A budget gimmick that lawmakers embraced last year may soon bite state workers in the paycheck – and give Republican Gov. Arnold Schwarzenegger a stick to wield in his last budget go-round with Democrats. The lesson in unforeseen political consequences starts in 2008. As usual, budget talks that summer among Republicans, Democrats and the governor were in a ditch. The fiscal year ended on June 30 with no deal. A few weeks later, Schwarzenegger ordered state worker wages for August withheld to the then- federal minimum of $6.55 per hour, or zero for workers in a few job classes, until...
  • Minimum Wage Cruelty Is A Travesty

    04/22/2010 5:40:10 AM PDT · by IbJensen · 15 replies · 742+ views
    The Bulletin ^ | April 21,2010 | Walter E Williams
    Which allows an American Samoan worker to have a higher standard of living: being employed at $3.26 per hour or unemployed at a wage scheduled to annually increase by 50 cents until it reaches federally mandated wages at $7.25? You say, "Williams, that's a stupid question. Who would support people being unemployed at $7.25 an hour over being employed at $3.26 an hour?" That's precisely the outcome of Congress' 2007 increases in the minimum wage. Chicken of the Sea International moved its operation from Samoa to a highly automated cannery plant in Lyon, Georgia. That resulted in roughly 2,000 jobs...

    03/14/2010 5:18:44 AM PDT · by Patriot1259 · 27 replies · 419+ views
    The Cypress Times ^ | 3/14/10 | Kevin Price
    We have all heard the saying that "The road to hell is paved with good intentions." This saying could not be more true than when it comes to minimum wage. Liberals determine whether a policy is "good" entirely on what it should do, rather than what it actually does. Liberal policy makers decide they want to raise the incomes of individuals (salaries), when they should seek to increase the spending power of individuals (which would happen from increased productivity and the lower costs that follows).
  • Detroit High Schools Teach How To Work at Walmart (50% unemployment in area)

    03/03/2010 1:41:27 AM PST · by 2ndDivisionVet · 8 replies · 572+ views
    Good Is ^ | February 12, 2010 | Liz Dwyer
    Four Detroit public high schools have decided classroom time should be used to train 60 students to work at Walmart. A new partnership gives participants 11 weeks of job-readiness training during the day and a Walmart job after school. Students earn 10 credits toward graduation… Advocates say with Detroit’s unofficial unemployment rate nearing 50%, jobs at Walmart are a golden opportunity. Sean Vann, principal of the Frederick Douglass Academy for Young Men, has 30 students in the program. He told the Detroit Free Press he’s enthusiastic because along with earning money, since the schools are in the suburbs, the students...
  • The State Worker: Minimum-wage threat looms again

    01/21/2010 1:00:25 PM PST · by SmithL · 19 replies · 561+ views
    SacBee: State Worker ^ | 1/21/10 | Jon Ortiz
    Here are two words that state workers are going to hate to hear: minimum wage. Now government and labor officials around the Capitol are murmuring the phrase, since Gov. Arnold Schwarzenegger will probably order state employee wages cut to the federal minimum if lawmakers drag out budget talks. He's done it before. That prospect prompted the heads of 14 state employee unions to fire off a rare joint letter earlier this month to Senate President Pro Tem Darrell Steinberg and Assembly Speaker Karen Bass: "We believe … that if our members go to work, they should be paid in full...
  • Venezuela Announces Minimum Wage Hike, Cabinet Shuffle

    01/16/2010 8:34:41 PM PST · by Cheap_Hessian · 7 replies · 505+ views
    CARACAS – Venezuelan President Hugo Chavez announced a 25 percent increase in the minimum wage, as well as the merging of the finance and planning portfolios and the appointment of a new electricity minister. Chavez made the announcement on Friday during his annual address to the unicameral National Assembly. The minimum wage will be raised in two phases – first a 10 percent salary increase effective March 1 and then a 15 percent hike that will enter into force on September 1. The announcement came just days after a sharp currency devaluation that fixed the bolivar at 2.6 to the...
  • Walter Williams: Minimum wage hurts black youth

    12/16/2009 4:06:03 PM PST · by george76 · 9 replies · 602+ views
    Orange County Register ^ | December 16, 2009 | WALTER E. WILLIAMS
    the devastating effects of minimum wage laws ... Today's overall teenage (16-19) unemployment rate, at 25 percent, is the highest since World War II. Black teenage unemployment, at 50 percent, is also the highest since World War II. How do you think the Reverends Jackson and Sharpton would explain the unemployment difference between black and white teens? You can bet the rent money they would say: It's racial discrimination. Let's investigate. Was racial discrimination in 1948 greater or less than racial discrimination today? In 1948, the unemployment rate for white 16-17 year olds was 10.2 percent while that for blacks...
  • Voting 45-1, Council Rejects $310 Million Plan for Mall at Bronx Armory

    12/15/2009 6:50:34 AM PST · by reaganaut1 · 15 replies · 607+ views
    New York Times ^ | December 15, 2009 | Sam Dolnick
    Bronx advocates said that the City Council vote on Monday to reject a $310 million project to build a mall inside the Kingsbridge Armory provided an opportunity to come up with a more community-oriented plan for the massive red-brick castle. City Council members who voted down the project 45 to 1, with one abstention, said that the plan, proposed by the Related Companies, would have created hundreds of jobs that would have paid at or around the state’s minimum wage of $7.25 an hour, pay that they called too low to support local families. They wanted Related to pledge that...
  • Killing Jobs To Court Labor (Makes perfect sense if you're a DemocRAT)

    11/28/2009 6:09:10 AM PST · by IbJensen · 8 replies · 581+ views
    New York Post ^ | November 28, 2009 | Editorial Staff
    Gov. Paterson's poll ratings may be poor, but that's no reason for him to try to buy union support with a bill that would destroy jobs. Alas, that seems to be his thinking in promoting legislation to force developers and landlords at state-assisted projects to pay workers, essentially, union scale. Salaries at such projects would have to be in line with "prevailing wages" -- i.e., union wages. In New York City, that would be a hefty $19.20 an hour -- nearly three times the $7.25 minimum wage. And, again, the bill would cover not just construction workers on a project...
  • Paterson Prepares Wage Bill for Construction Sites ($19.20 minimum wage)

    11/18/2009 2:32:56 AM PST · by reaganaut1 · 9 replies · 683+ views
    New York Times ^ | November 18, 2009 | Danny Hakim
    In a bid to shore up his relations with labor unions, Gov. David A. Paterson is readying legislation that would require developers to pay prevailing wages on many construction projects that receive public financing, meaning that construction workers would have to be paid significantly more than minimum wage. The legislation, which has the business community alarmed, would also impose wage requirements on large businesses that use space created by developments financed with public money, according to a draft of the bill. In New York City, those requirements would be $19.20 an hour — nearly three times the minimum wage —...
  • The Young and the Jobless

    10/27/2009 9:23:35 AM PDT · by ChessExpert · 21 replies · 1,314+ views
    Wall Street Journal ^ | OCTOBER 3, 2009
    The Young and the Jobless The minimum wage hike has driven the wages of teen employees down to $0.00. Yesterday's September labor market report was lousy by any measure, with 263,000 lost jobs and the jobless rate climbing to 9.8%. But for one group of Americans it was especially awful: the least skilled, especially young workers. Washington will deny the reality, and the media won't make the connection, but one reason for these job losses is the rising minimum wage. Earlier this year, economist David Neumark of the University of California, Irvine, wrote on these pages that the 70-cent-an-hour increase...
  • Minimum Wage Laws

    10/20/2009 5:39:27 PM PDT · by arthurus · 87 replies · 1,278+ views ^ | 1979 | Henry Hazlitt
    Thinking has become so emotional and so politically biased on the subject of wages that in most discussions of them the plainest principles are ignored. People who would be among the first to deny that prosperity could be brought about by artificially boosting prices, people who would be among the first to point out that minimum price laws might be most harmful to the very industries they were designed to help, will nevertheless advocate minimum wage laws, and denounce opponents of them, without misgivings. Yet it ought to be clear that a minimum wage law is, at best, a limited...
  • Colorado Minimum Wage to Drop

    10/13/2009 12:25:43 PM PDT · by FromLori · 7 replies · 516+ views
    Economic Policy Journal ^ | 10/13/09 | Robert Wenzel
    As the consumer pricing index continues to fall, the State of Colorado will become the first state since 1938 to lower it's minimum wage. The state Department of Labor and Employment ordered the wage down from $7.28 to $7.24. That's lower than the federal minimum wage of $7.25, so the de facto decline will be to the Fed minimum. It will be the first decrease in any state since the federal minimum wage law was passed in 1938. Note the year, 1938. As Bob Murphy pointed out in his book, The Politically Incorrect Guide to the Great Depression and the...
  • Record Teen Unemployment: Only WSJ Seriously Looks At Minimum-Wage Hikes As Cause

    10/05/2009 4:30:56 AM PDT · by 50mm · 18 replies · 1,335+ views
    Newsbusters ^ | October 5, 2009 | Tom Blumer
    Based on the data, the current job situation for teenagers in America is the worst on record. According to Uncle Sam's Bureau of Labor Statistics: Seasonally adjusted teenage unemployment hit 25.9%. That is the highest rate in the nearly 62 years BLS has been reporting this number. The previous record was last month's 25.5%. The record before that was 24.1% in November and December of 1982. A graphic of the complete history of the teenage unemployment rate that will open in a new window is here. Unemployment among black teens not enrolled in school is over 50%. The rate among...
  • The dead end kids : Young, unemployed and facing tough future

    09/27/2009 7:20:15 AM PDT · by george76 · 90 replies · 2,909+ views
    NEW YORK POST ^ | September 27, 2009 | RICHARD WILNER
    The unemployment rate for young Americans has exploded to 52.2 percent -- a post-World War II high, according to the Labor Dept. -- meaning millions of Americans are staring at the likelihood that their lifetime earning potential will be diminished and, combined with the predicted slow economic recovery, their transition into productive members of society could be put on hold for an extended period of time. And worse, without a clear economic recovery plan aimed at creating entry-level jobs, the odds of many of these young adults -- aged 16 to 24, excluding students -- getting a job and moving...
  • Generation Sloth

    09/07/2009 12:30:07 PM PDT · by Rodebrecht · 7 replies · 514+ views
    Mises Daily ^ | 9/7/09 | Jeffrey A. Tucker
    t's Labor Day, but there's nothing to celebrate. On July 24 this year, the government raised the minimum wage to $7.25, which is another way of saying that unemployment is mandatory for anyone who is otherwise willing to work for less. You have no freedom to negotiate or lower the price for your service. You are either already valuable at this rate or you are out of the game.
  • Teenage Unemployment Rate at Record High [25%]: NYT Blog Post Commenters Explain Why [minimum wage]

    09/06/2009 1:22:01 PM PDT · by chuck_the_tv_out · 54 replies · 1,265+ views
    Newsbusters ^ | September 5, 2009 - 23:03 ET | Tom Blumer
    Yesterday's Employment Situation Report from Uncle Sam's Bureau of Labor Statistics had lots of dismal news. One of the bigger disappointments, but sadly not one of the bigger surprises, is that the teenage unemployment rate reached an all-time seasonally adjusted high of 25.5%. People who know even a little bit about economics should understand why, but an oddly titled New York Times blog post by Catherine Rampall took a pass on realistically trying to explain it: Oh What a Time to Be Young! Pity the unemployed, but especially pity the teenage unemployed. According to today’s job report, the overall unemployment...
  • USA Today Hides Left Wing Sources of ‘Church’ Effort for Min. Wage Push

    08/15/2009 2:50:33 PM PDT · by Mobile Vulgus · 2 replies · 293+ views
    Publius Forum ^ | 08/15/09 | Warner Todd Huston
    USA Today is attempting to pass off an effort to push a higher minimum wage law as an effort by "churches" when in reality it is a left wing effort sponsored by ACORN, unions and the extremist group American Progress headed by former Clinton front man, John Podesta. With a misleading headline and an artfully vague first paragraph, USA Today tries to make this effort seem to be headed up by churches and religious figures. The headline, "Churches push for $10 minimum wage by 2010," pins this effort squarely on churches even as the first paragraph walks that claim back...
  • A Talk With Obama: You Can't Make This Stuff Up

    07/30/2009 5:50:27 AM PDT · by Kaslin · 12 replies · 969+ views ^ | July 30, 2009 | Ross Mackenzie
    Ever wish you could rap with the president? Here's your chance - an imaginary conversation in an occasional series. Quotation marks indicate actual words Barack Obama has used. Mr. President, thanks for the opportunity. Happy to do it. What's on your mind? Could we start with health care? You've said you want a plan providing improved care for reduced cost, and extending health insurance coverage to perhaps 50 million more Americans. You also want a taxpayer-financed public option to private insurance. I set an August deadline that obviously will be missed. But it will happen, as Madame Pelosi has said...
  • The Minimum Wage: Keeping Prosperity Around the Corner (why employers will be reluctant to hire)

    07/29/2009 10:47:44 AM PDT · by SeekAndFind · 9 replies · 392+ views
    Men's News Daily ^ | 7/29/2009 | Dr. Shawn Ritenour
    The last thing we need in the midst of our current recession is what happened last Friday: the third increase in the minimum wage in only two years. Contemporary labor markets throughout the country are not a pretty picture. Last month’s national unemployment rate was 9.5 percent. In the most directly affected markets—those for younger and lower-skilled workers—things were even worse. The teen unemployment rate was over 22 percent; its highest rate in over 17 years. The unemployment rate for black teens rose to 38 percent. Forty-eight states reported job losses in May alone. This clearly indicates that in a...
  • The Minimum Wage and Unemployment, or, Bye Bye, Miss American Pie (No such thing as a Free Lunch)

    07/26/2009 2:32:55 PM PDT · by grey_whiskers · 36 replies · 1,236+ views
    grey_whiskers ^ | 07-26-2009 | grey_whiskers
    With all of the talk of the economic recovery tailspin engendered by the Obambi administration, one government mandate has slipped under the radar with relatively little fanfare. This is an increase in the federally mandated minimum-wage up to $7.25 per hour. It is the latest in three hikes in the minimum wage, dating from two years ago: the minimum wage was raised to $5.85 per hour on July 24, 2007; to $6.55 / hour on July 24 2008; and finally to $7.25 / hour last week. The knee-jerk reactions to this, from the left, are predictable. The Obambi administration is...
  • Putting People First: Michigan Democrats Consider Ballot Proposals for 2010

    07/26/2009 5:43:49 AM PDT · by reaganaut1 · 77 replies · 537+ views
    LANSING – The Michigan Democratic Party today announced ballot questions it will be considering placing on the November 2010 general election ballot. They include: * Mandating all employers to provide affordable health care for their employees and dependents or pay a penalty. * Raising the minimum wage from $7.40/hour to $10/hour and covering all workers with no exceptions. * Increasing unemployment benefits by $100/week, making all workers eligible and adding six months to the time one can receive benefits. * Cutting utility rates by 20%. * Imposing a one-year moratorium on home foreclosures. “People of Michigan should be asking their...
  • Federal Minimum Wage Hike Drives Up Pressure on Small Business - Video 7/24/09

    07/25/2009 8:49:18 AM PDT · by Federalist Patriot · 8 replies · 271+ views
    Freedom's Lighthouse ^ | July 25, 2009 | BrianinMO
    Here is a video report about the Federal Minimum Wage Hike that took effect yesterday, July 24, 2009. The 70 cents per hour hike, now up to $7.25 per hour, is likely to result in more job losses and higher unemployment as small businesses struggle to survive. The report talks to one small business owner, and to an advocate for low-wage earners who is just clueless about economics. She actually thinks the hike will stimulate the economy because workers will go out and spend that extra 70 cents an hour. Problem is - they can't spend it if they don't...
  • Wages? What Really Happens Today ( minimum wage just went up by government mandate)

    07/24/2009 6:57:18 PM PDT · by SeekAndFind · 52 replies · 1,051+ views
    American Thinker ^ | 7/24/2009 | C. Edmund Wright
    So today the minimum wage goes up by government mandate. What a time for celebration, right? What wonderful compassion is being show by our government, right? We have no idea whether any workers will actually make more money as a result. But consider what is really happening today that we know for sure: A: Small business owners just took a pay cut. B: Some hourly workers will get less hours. C: Some hourly workers will get laid off. D: Some union contracts just got raised. E: None of the businesses affected will have one more penny in sales volume as...
  • Where the Jobs Are (NYT advocates $9.50 minimum wage)

    07/24/2009 6:49:03 AM PDT · by reaganaut1 · 33 replies · 1,067+ views
    New York Times ^ | July 24, 2009
    An estimated 2.8 million employees will get a raise on Friday, as the federal minimum wage rises from $6.55 an hour to $7.25. Another 1.6 million whose hourly pay hovers around $7.25 are also expected to get a boost as employers adjust their pay scales to the new minimum. The raise is badly needed. It is also wholly inadequate. With the latest increase, the minimum wage is still no higher now, after inflation, than it was in the early 1980s, and it is 17 percent lower than its peak in 1968. That means that no matter how hard they work,...
  • Minimum wage earners get 70 cents more

    07/23/2009 8:48:59 PM PDT · by Liberty Valance · 11 replies · 418+ views
    The Kerrville Daily Times ^ | Published July 24, 2009 | By Tim Sampson
    For the third time in three years, the state minimum wage will increase today to keep with a staggered, federally-mandated pay increase schedule. All employees currently earning the minimum $6.55 an hour will see their earnings increase by 70 cents to $7.25 an hour starting today. The mandatory pay increase is the third and final step in a graduated minimum wage hike approved by the federal government several years ago. For employees like George Sprouse of Kerrville, who works one full-time minimum wage job and another part-time, the pay increase will be beneficial. “Seventy cents an hour makes a big...
  • Minimum Wage Hike Could Threaten Low Earners' Jobs

    07/23/2009 4:53:01 PM PDT · by reaganaut1 · 28 replies · 941+ views
    Associated Press ^ | July 23, 2009
    A federal minimum wage increase that takes effect Friday could prolong the recession, some economists say, by forcing small businesses to lay off the same workers that the pay hike passed in better times was meant to help. The increase to $7.25 means 70 cents more an hour for the lowest-paid workers in the 30 states that have lower minimums or no minimum wage. It also means higher costs for employers who feel they've already trimmed all their operating fat. ''How will they absorb the increase?'' said Rajeev Dhawan, director of Georgia State University's Economic Forecasting Center. ''They will either...