Thursday, April 21, 2016

The Minimum Wage Makes Teens Unemployable, So Taxpayers Are Paying $5.5 Billion to Find Them Jobs

The Minimum Wage Makes Teens Unemployable, So Taxpayers Are Paying $5.5 Billion to Find Them Jobs 



In February, the Obama administration proposed a “First Job” initiative. The main goal of the aptly titled initiative is to help unemployed young people obtain their first job by spending $5.5 billion on grants, training, and direct wages. Unfortunately – but unsurprisingly – the press release failed to acknowledge the most significant factor impeding employment in this age group: the minimum wage.