Monday, April 18, 2011

Teenage unemployment

Teenage unemployment is about 25%. A comment relayed by Instapundit suggests that lack of final demand may not be the main reason:
Since getting hired almost a year ago, they have worked him as much as possible. He averages close to, but not quite at, 40 hours a week. The reason being, most kids they hire don’t show up when they scheduled, don’t work when they are there, and they mouth off to the management. And at 10 months or so, he has seen dozens of new people come and go.
A lot of young people are not worth $7.00+ per hour, and if they are not, they will not be hired, or if hired, they will not be retained.  The minimum wage is a very cruel law.

(Black teenage unemployment is 42%.)

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