Thursday, April 8, 2010
The War on the Young: The Minimum Wage
By Adam Bitely
Almost every politician claims to be doing work to preserve and protect America’s future. They pretend they are protecting America’s youth. But what they are actually doing is harming the nation’s youth and jeopardizing the future of the nation.
For instance, consider the minimum wage. Proponents on both sides of the aisle argue that low-skilled workers — which all younger people in America are — will reap great benefits as they see their pay increase. However, that is the exact opposite of what actually happens when the minimum wage is hiked.
In fact, many of the people that the politicians claim to help end up finding themselves unemployed or working less hours. But how can this be? How can the politicians that claim to be on the side of America’s youth be actually harming them?
If one understands how the law of supply and demand works, then one can see the inherent problems with a mandated minimum wage.
Get full story here.
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