No sooner did I post a blog on the potential adverse effects of the minimum wage, here comes a new government program to counter a problem that has resulted from government”s tinkering in the labor market. President Obama”s new “
ews.go.com/blogs/politics/2012/01/white-house-cant-wait-to-help-young-people-get-summer-jobs/”>We Can”t Wait” jobs programs aims to help 250,000 young people find summer jobs in the private sector this year. Without knowing the exact details regarding cost, I am confident this will involve hundreds of millions of taxpayer dollars creating jobs for teens that would likely have been created in the first place had the federal government (and many states) not put in place a mandatory minimum wage subject to arbitrary increases.
The minimum wage is obviously here to stay, but why not allow employers to provide an exemption for teenage workers and let the private sector do its thing? Summer jobs are not meant to support families, but they are valuable in providing youth some real-world work experience, and some spending cash to
How long will it take the leader of the free world to figure this out?