February 16, 2013

WSJ on Minimum Wage

"The damage from a minimum wage hike depends on the overall labor market. If the job market is buoyant, as it is in the fracking boomtown of Williston, N.D., fast-food workers may already make more than $9 an hour. But when the jobless rate is high, as it still is in California and New York, the increase punishes minority youth in particular."

Review & Outlook: The Minority Youth Unemployment Act - WSJ.com:
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