Economics is about incentives. If the teen unemployment rate isn’t high enough for you, raise the minimum wage to $10 or $15 an hour. A year ago, the teen unemployment rate was over 25%. It has declined to 20% a year later, that is progress, but it is still unacceptably high. That means that I of every 5 our young citizens that want to work ... MOREWilliam Dunkelberg: Minimum Wage Myths
Economics is about incentives. If the teen unemployment rate isn’t high enough for you, raise the minimum wage to $10 or $15 an hour. A year ago, the teen unemployment rate was over 25%. It has declined to 20% a year later, that is progress, but it is still unacceptably high. That means that I of every 5 our young citizens that want to work ... MORE