Try, try again
Remember when we heartless, unfeeling Wingnutz were predicting the inevitable result of the minimum wage hike passed last year? Guess what:
Unemployment among teens rose two full percentage points from June, and six full points from last year. The biggest change in that market, of course, came from the minimum-wage hike passed by Congress last year. The increase made labor more expensive at the same time that fuel prices started rising, putting two inflationary pressures on employers. Without recourse to even higher price increases for their product, they have had to curtail labor expenses instead.
Next up? Mucho lamentation that the minimum wage hike just didn’t go far enough. More of the same “solution” that didn’t work the first time and actually made things worse, stat!
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What we need is (a) jobs and (b) drilling for oil creates jobs. a+b= drill for oil.