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
Showing posts with label jobless. Show all posts
Showing posts with label jobless. Show all posts
William 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 ... MOREChristopher Chantrill: What Is Going On With Jobs?
Unemployment rate depends on job seekers giving up. Everyone agrees that the employment report last Friday was very bad. Unemployment went down to 6.7 percent, but that was because the Household Survey showed that 347,000 people left the labor force in December while only 144,000 found jobs. In a healthy growing ... MORERaising Minimum Wage A Disaster For Minorities
by Mark J. Perry. Probably the most vulnerable, at-risk group in the labor market would have to be black male teenagers, judging by the 44.3% jobless rate for that group in November. In contrast, the jobless rate for white male teens in November was less than half the rate of their black counterparts (19.8%); for male Hispanic teens the jobless ... MOREPeter Morici: True Unemployment Now 13.6%
'High rate' becoming permanent. The Labor Department on Friday is expected to report the economy added 120,000 jobs in October, below the 148,000 recorded in September and the trend for months prior. Unemployment should remain about 7.2 percent. The government shutdown and uncertainty about its precise impact on the data ... MORE
Mike Flynn: Black Teen Unemployment Rate At 41.6%
And some what to further raise minimum wage. Friday's jobs report was disappointing, but it also contained a truly heartbreaking statistic. Black teen unemployment is a shocking 41.6%. In July last year, the unemployment was considerably lower, at 36%. That almost half of black teens who want to work can't find jobs is a stain on ... MOREWalter E Williams: Black Unemployment
Let's look at the causes. A couple of weeks ago, Black Entertainment Television founder Bob Johnson, speaking at The National Press Club, said the nation "would never tolerate white unemployment at 14 and 15 percent." Black unemployment has been double that of white Americans for more than 50 years. The black youth unemployment rate is more ... MOREMinimum Wage Hike Means Fewer Jobs Can Be Available
Economics 101: Democratic Sen. Elizabeth Warren of Massachusetts says the minimum wage should be $22 an hour. As is always the case, the urge to help will create more problems than it alleviates. The usual response to such nonsense is that if government can make lives better by establishing a minimum wage of $X per hour, then why not ... MOREEllen Sauerbrey: Raising Minimum Wage Hurts The Poor
Unskilled workers get laid off to offset costs. Legislators in Maryland are again debating raising the state minimum wage, this time from $7.25 to $10.00 per hour (a 38 percent increase) and indexing it to the cost of living so that future changes would be automatic, with no vote or legislative accountability required. Also included is an increase in ... MORE
Donald Lambro: Economy Progresses Downward
Americans re-elected this recession. When millions of voters went to the polls in November to narrowly re-elect Barack Obama, the economy was rapidly shrinking toward recessionary levels. In the last three months of 2012, the gross domestic product — the
measurement of everything America produces — fell to an annualized rate
of 0.1 percent, the ... MOREBetsi Fores: New Study Refutes Minimum Wage Benefits
Minimum wage creates more, not less, poverty. A new study concludes that increasing the minimum wage will lead to fewer jobs rather than less poverty. “The disconnect between the empirical evidence and the claims of wage
hike advocates continues to grow,” said Michael Saltsman, research
director at the Employment Policies Institute, which ... MOREMichael J. Hurd: Magical Thinking Won't Stop The Layoffs
It's about mind, reality and ethics. Associated Press and FoxNews.com reports: Medical supply giant Stryker is the latest company to announce job cuts in anticipation of coming costs associated with Obamacare, even though the man who inherited a fortune from the company’s founder is a fan. The company will cut 1,170 jobs, or ... MOREOC Register: Welfare, In Its Many Forms, Mushrooms
Welfare incentives have been wildly successful. The United States spent $61,000-plus last year supporting welfare programs for each household in poverty, according to U.S. Census, Office of Management and Budget and Congressional Research Services data. If the money had been handed directly to those families, they would have arrived in the middle ... MORE
Vegas Employer: Obama Won -- So I Fired 22 Employees
Election results begin being felt. A Las Vegas business owner with 114 employees fired 22 workers today, apparently as a direct result of President Obama’s re-election. “David” (he asked to remain anonymous for obvious reasons) told Host Kevin Wall on 100.5 KXNT that “elections have consequences” and that “at the end of the day, I need to survive.” ... MORE
Entitlements Have Outpaced Job Growth The Last 4 Years
by Daniel Harper. A new chart provided by the minority side of the Senate Budget Committee details the alarming fact that enrollment in federal social welfare programs like Food Stamps, Medicaid, and Disability have far outpaced job growth over the last four years. In terms of percentage growth, Food Stamp enrollment has jumped 65.2 ... MOREProposed Minimum Wage Could Cost Up To 768,000 Jobs
Democrat plan spells more unemployment. The Democratic Party’s 2012 platform calls for raising the minimum wage and pegging it to inflation — and a wage bill already introduced by congressional Democrats could cost at least 256,000 jobs, according to a new report. Sen. Tom Harkin of Iowa and Rep. Rosa DeLauro of Connecticut have proposed raising the ... MORECNN Fact Check: About Those 4.5 Million New Jobs ...
Dems neglect to mention 5 million jobs lost. Anyone watching the Democratic National Convention on Tuesday night heard the number 4.5 million several times. "Despite incredible odds and united Republican opposition, our president took action, and now we've seen 4.5 million new jobs," San Antonio Mayor Julian Castro, the party's keynote ... MOREGary DeMar: How Government Creates Unemployment
Economics isn’t hard, unless you’re a liberal. Before Paul Ryan was picked by Mitt Romney to be his running mate, there was speculation that New Jersey governor Chris Christie was in the running. Republican governor Christie mocked a network graphic insisting that 55 percent of New Jersey residents think he would be the VP pick and 68 ... MOREThose Joining Disability Now Outpace Those Finding Jobs
by Daniel Halper. A new chart set to be released by the Republican side of the Senate Budget Committee details an alarming fact: In the last three months, more Americans have joined disability than have found a job. As the chart shows, between April-June 2012, an estimated 246,000 Americans were added to Social Security's disability insurance program. In that same time period, only 225,000 American jobs were created. These alarming numbers, though, are ... MORE
Karin Agness: Congratulations, Grad, Your Unemployed
The grim reality for today's graduate. Just when it looked like the job market was going to rebound, recent unemployment numbers revealed a disappointing reality. The April unemployment rate decreased to 8.1 percent from 8.2 percent; however, the percentage of working-age Americans in the labor force dropped to its lowest rate ... MORE
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