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To: SomeCallMeTim
Artificially raising it, by government fiat, just keeps young people from being able to find work. It’s heartless.

There is no historical data to back up the assertion that raising the min ages raises the unemployment rate.

49 posted on 09/15/2021 7:37:34 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: central_va
There is no historical data to back up the assertion that raising the min ages raises the unemployment rate.

Really? So, the LAW of supply and demand doesn't apply to labor?

This study, from Seattle, found that workers in the city had the hours cut (businesses had to tighten the belt). The workers made up for it by getting 2nd jobs, OUTSIDE of Seattle. Yea, that's a REAL success.

And there was a decrease in NEW workers... ie: people at the low end of experience.

https://www.nber.org/papers/w25182?utm_campaign=ntw&utm_medium=email&utm_source=ntwg17

And, then... there's this:

https://mises.org/library/yes-minimum-wages-still-increase-unemployment

I'm fine with local communities, even States doing what they want with wages. I don't believe there should be ANY National minimum. The best way to get rid of it is, exactly what we've done: Ignore it, let it become obsolete as wages rise on their own.

53 posted on 09/15/2021 9:53:29 AM PDT by SomeCallMeTim ( The best minds are not in government. If any were, business would hire them!it)
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