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Almost everything Congress has done in recent months has made private businesses less inclined to hire new workers. ObamaCare imposes new taxes and mandates on private employers. Even with record unemployment, Congress raised the minimum wage to $7.25, pricing more workers out of jobs. The teen unemployment rate rose to 26.4% in May, and for those between the ages of 25 and 34 it rose to 10.5%. These should be some of the first to be hired in an expansion because they are relatively cheap and have the potential for large productivity gains as they add skills.
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A) The current minimum wage legislation is over three years old.
B) The teen unemployment rate? Really?
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"I don't know what went wrong," said guard Thabo Sefolosha. "It's hard to talk about it."
Last edited by mary; 06-06-2010 at 01:38 PM.
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