Ironically, Obama reaped the majority of the youth vote. So for all of you young rubes that actually voted for the community organizer:
SUCKERS! From The Wall Street Journal:
The Jobless Summer — Why only one in four teens is employed. Two words to describe what's been plaguing teens as far as job opportunity goes: minimum wage. Check out this stat for proof:
How's that minimum wage working for for y'all? From the article:
Perhaps you've already noticed around the neighborhood, but this is a rotten summer for young Americans to find a job. The Department of Labor reported last week that a smaller share of 16-19 year-olds are working than at anytime since records began to be kept in 1948.
Only 24% of teens, one in four, have jobs, compared to 42% as recently as the summer of 2001. ...
And now for the cause:
...Congress has also contributed by passing one of the most ill-timed minimum wage increases in history. One of the first acts of the gone-but-not-forgotten Nancy Pelosi ascendancy was to raise the minimum wage in stages to $7.25 an hour in 2009 from $5.15 in 2007. Even liberals ought to understand that raising the cost of hiring the young and unskilled while employers are slashing payrolls is loopy economics.
Or maybe not. The Center for American Progress, often called the think tank for the Obama White House, recently recommended another increase to $8.25 an hour. Though the U.S. unemployment rate is 9.1%, the thinkers assert that a rising wage would "stimulate economic growth to the tune of 50,000 new jobs." So if the government orders employers to pay more to hire workers when they're already not hiring, they'll somehow hire more workers. By this logic, if we raised the minimum wage to $25 an hour we'd have full employment.
Oh heck - go for $100 per hour. That'll do it. It won't surprise anyone either that black teens have been hit the hardest. Maybe they can finally get it that voting for Democrats is a lose-lose proposition. More from
Hot Air and Maggie's Farm
