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But it's at the state level where super-minimum wage laws have become all the rage. This year already, seven states have enacted wage requirements above the federal minimum, bringing the total to 17 (see the nearby table). About 20 states, including California and Massachusetts, have pending legislation or ballot initiatives to raise their wage requirements to as high as $8 an hour.

At the local and state levels these minimum wage requirements are particularly destructive, because many businesses in low-wage industries can simply hop over state borders to less regulated climates. New Jersey raised its minimum wage in the 1990s and suffered a 4.6% loss in jobs in the fast food industry, according to a study by economist David Neumark.

1 posted on 08/29/2005 5:06:35 AM PDT by OESY
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To: OESY

LOL! Let the corpulent senior Senator from Massachusetts please testify when HIS office started paying minimum wage.

:-D

What jackassery!


2 posted on 08/29/2005 5:20:03 AM PDT by saveliberty ("The mystery of government is not how Washington works but how to make it stop." - PJ O'Rourke)
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To: OESY
That 40% mandated wage hike would very likely raise the teen unemployment rate even higher.

But would do wonders to lower the unemployment rate for ILLEGAL INVADERS.

3 posted on 08/29/2005 5:22:55 AM PDT by Just A Nobody (I - LOVE - my attitude problem !)
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To: OESY

The effective entry wage in many urban and suburban areas is already around $7 per hour, so raising it won't really hurt much of anything. The department stores and fast food joints in my area are all starting hiring at $7 - $8 per hour.

What really hurts teens these days are: 1) illegal immigration and 2) the fact that labor laws and liability rulings have created a hostile environment for employing teens younger than age 16, and even possibly younger than age 18.

Add to all this that teens cannot drive by themselves often until they are 16.5 or 17yo (at least in the NE), and you have a situation where teens are just not as employable as ... illegals.


4 posted on 08/29/2005 5:32:26 AM PDT by cinives (On some planets what I do is considered normal.)
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To: OESY

No mention of illegal immigration? Why would WSJ want open borders and to lower the cost of labor? Because it cares for American teenagers and poor Mexicans? Or maybe there is some inferior motive?</p>


5 posted on 08/29/2005 6:38:31 AM PDT by A. Pole (" There is no other god but Free Market, and Adam Smith is his prophet ! ")
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To: OESY

I am embarrassed to say I work in one of those states and live in another.


6 posted on 08/29/2005 6:58:21 AM PDT by Sinner6 (http://www.digital-misfits.com)
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To: OESY

The article states that teenage unemployment remains "stubbornly high" yet the WSJournal doesn't bother to compare it to previous years when teen unemployment averaged about 17.5 in 2004, 17.0 in 2003, 15.8 in 2002 and 15.8 in 2001. Its an annual thing, and probably has as much to do with those who don't want to work, as those who do.


7 posted on 08/29/2005 7:15:35 AM PDT by gaspar
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To: OESY

Good article. Some more graphs/charts showing what Fund is talking about:
http://www.neoperspectives.com/minimumwage.htm


8 posted on 08/29/2005 7:18:02 AM PDT by traviskicks (http://www.neoperspectives.com/janicerogersbrown.htm)
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To: OESY

Inflation gets a liberal boost.


9 posted on 08/29/2005 7:18:09 AM PDT by bmwcyle (We broke Pink's code and found a terrorist message.)
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To: OESY
Kennedy's is a leftist ideologue who never worked a day in his life and wants to destroy those who have because a a collectivist he wants no one to get ahead of anyone else except for the policy elite. Further in the corruption of our society he is able to wrap himself in the corrupt veil of compassion. Further his party benefits because a minimum wage increase drive out honest employment and brings in Mexicans who in the end will vote illegally of course for the Democrats . Its a win for him for collectivism, compassion and bringing in Mexicans into the Democrat Party as another voting block.
10 posted on 08/29/2005 11:38:37 AM PDT by wilmington2
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