Minimum Wage

[I Am Right]

Countdown to Job Loss…
5 Things You Didn’t Know About the Minimum Wage
For every 10 percent increase in the minimum wage, teenage employment at small businesses is estimated to decrease by 4.6 to 9.0 percent.1

According to the U.S. Bureau of Labor Statistics, teen unemployment is at 24 percent, its highest rate in 17 years.2

For every 10 percent increase in the minimum wage, estimates show employment may fall as much as 8.5 percent for young black and Hispanic males age 16-19.3

African American teen unemployment is currently at 38 percent, which is four times the national unemployment rate and 27 percent higher than last year.2

According to U.S. Census data, only 16.5 percent of minimum wage recipients are raising a family on the minimum wage. 83.5 percent are teenagers living with working parents, adults living alone, or dual-earner married couples.2

Raising the minimum wage is an ineffective tool to fight poverty.

Economists found that 35 percent of minimum wage benefits go to the richest 40 percent of families.4

The average annual family income of those earning the minimum wage in 2009 is over $48,000.2

According to a 2003 study by economists at the Federal Reserve, a 2-3 percent decrease in employment can be expected from a 10 percent increase in the minimum wage.5

The federal minimum wage goes up July 24, 2009.

On Friday, July 24, the federal minimum wage is set to jump for the third time in three years to $7.25 per hour. Yet, decades of research have shown that minimum wage hikes take a sledgehammer to the entry-level job market. As employers are faced with higher labor costs, they hire workers who have the most experience or high skill levels. That leaves unskilled applicants, particularly teens, without that critical first job experience. Since Congress began implementing the 2007 wage hike, over 480,000 teen jobs have disappeared across the country.

For more information on the teen unemployment crisis and how minimum wage hikes have unintended consequences, click here.

[TheHumanAlphabet]

The Federal minimum wage is ALL about increasing wages for unions. period.

[StoopTroup]

Countdown?

We lose anymore jobs and even the three teens that want to work won't have any jobs. Also remember...even if it goes up...once the Republicans are back in office....they will look like Gods once they clean up this mess. Look at how GWB cleaned out America after what Clinton did to this Country.

Opps...I meant cleaned up...sorry.

[Turd_Ferguson]

Countdown?

We lose anymore jobs and even the three teens that want to work won't have any jobs. Also remember...even if it goes up...once the Republicans are back in office....they will look like Gods once they clean up this mess. Look at how GWB cleaned out America after what Clinton did to this Country.

Opps...I meant cleaned up...sorry.

Don't you have a union meating or sump'n to go to?

[Penguin]

What's the solution? Cut the minimum wage? Why stop there?

If everybody had their salaries/wages/benefits slashed by 20%, it would save corporate America billions! Trillions even! Everybody would be happy.

[StoopTroup]

Don't you have a union meating or sump'n to go to?

They won't let me in anymore. Their too busy counseling our new environmental engineers.

[JLEW1818]

For as much money as this administration is spending why not just

give 1 million dollars to every American who is 50 or over

make them retire

make them buy a house


fixes the housing industry and opens jobs up

lol....

[Penguin]

For as much money as this administration is spending why not just

give 1 million dollars to every American who is 50 or over

make them retire

make them buy a house


fixes the housing industry and opens jobs up

lol....

Your ideas intrigue me. I'd like to subscribe to your newsletter.

[Turd_Ferguson]

Your ideas intrigue me. I'd like to subscribe to your newsletter.

"subscribe to your newsletter"...is that what you kid's call it these day's?

[JLEW1818]

lol, not that i agree with it.. but it would probably be more productive than B

[StoopTroup]

For as much money as this administration is spending why not just

give 1 million dollars to every American who is 50 or over

make them retire

make them buy a house


fixes the housing industry and opens jobs up

lol....

OK....

I'll open your beers at the tailgate. Just bring them over to my wheelchair. It has it's own bottle opener.

[JLEW1818]

or just give a million to me, and I'll never complain!


and nobody should be forced to do anything

and i don't agree with that crazy idea... but it would probably be better than what we are doing... lol

[NormanPride]

Don't lie to us, jlew. We all know you really want everyone over 50 to live in substandard government housing with some small one-time stipend that will be taxed anyway.

[Rhino]

I know I'm concerned about teenagers losing their fast food jobs.

[soonerbrat]

My teenage daughter has a cool job, but so many kids work there, it's hard for her to get hours. Hope she doesn't get cut. that extra $$$ I don't have to give her for gas & clothes really helps

[85Sooner]

The Federal minimum wage is ALL about increasing wages for unions. period.

DING DING DING DING. WE HAVE A WINNER

[badger]

My parents never wanted to give me money - either as allowance or as gifts - so having a job after school in high school was a great thing. My parents have always been stingy with money, but if I earned it myself, they didn't knock the way I spent it. Allowance didn't count as earning. Spending allowance money frivolously wasn't allowed. Gift money wasn't earned either - it had to go in the bank. Job money, though - that's how I got my first video game system... a Nintendo Gamecube!

Stop laughing. It was a milestone, dammit.

[Gandalf_The_Grey]

How many people here have actually worked for minimum wage...even when I worked at Hastings, it was a solid dollar or so more than that current minimum wage?

[jneworld]

Since Congress began implementing the 2007 wage hike, over 480,000 teen jobs have disappeared across the country.

Creating thousands of more people on the government teet and thus more Democrat voters.

[soonerbrat]

How many people here have actually worked for minimum wage...even when I worked at Hastings, it was a solid dollar or so more than that current minimum wage?

i worked for minimum wage when I was in high school in the late 80's. $3.35/hour