Why does Obama hate teenagers so much?
How's that Hope and Change working out for you kids now?
Via the Wall Street Journal, in a post titled: The Young and Jobless: New evidence that the minimum wage has hurt teenage workers:
Today marks the first anniversary of Congress’s decision to raise the federal minimum wage by 41% to $7.25 an hour. But hold the confetti. According to a new study, more than 100,000 fewer teens are employed today due to the wage hikes.
Economic slowdowns are tough on many job-seekers, but they’re especially hard on the young and inexperienced, whose job prospects have suffered tremendously from Washington’s ill-advised attempts to put a floor under wages. In a new paper published by the Employment Policies Institute, labor economists William Even of Miami University in Ohio and David Macpherson of Trinity University in Texas find a significant drop in teen employment as a direct result of the minimum wage hikes.
The wage hikes were implemented in three stages between 2007 and 2009, and not all states were affected because some already mandated a minimum wage above the federal requirement. But for the 19 states affected by all three stages of the federal wage increase, “there was a 6.9% decline in employment for teens aged 16 to 19,” write the authors. And for those who had not completed high school, “we estimated that the hikes reduced employment by 12.4%,” which translates to about 98,000 fewer teens in the work force.
I’ll tell you why Obama hates teenagers — because only 2/7 of them are eligible to vote. And of those 2/7, less than 20% manage to make it to the voting booth (according to the Federal Election Commission, not even one in five adults ages 18-25 bothers to vote, a participation level that lags behind all other demographics — I can’t find specific numbers for just 18-19 year old kids, but I’m guessing it’s lower still).
If teens were a reliable and necessary voting bloc, you can bet your sweet ass that Obama would be pandering (and lying) to them, too.
The impact of raising the minimum wage has been studied since its inception. All credible research has come to the same conclusion: raising the minimum wage hurts the poor. It takes away jobs, keeps people on welfare, and encourages high-school students to drop out.
There is not a single economic study that concludes that minimum wage policies actually accomplish the social ideological goals claimed in this article to justify minimum wages. The economic impacts on the most vulnerable wage earners are so well documented, that one has to wonder that supporters of minimum wages are incapable of acknowledging the data or just flat-out lying.
It’s almost as though Democrats are intentionally trying to keep people poorer and more dependent on the Government.
Is it any wonder that Obama is dropping in approval rating with these kids faster than Al Gore molests massage therapists?
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Reading comprehension down?
Of the kids who did vote in 2008, they overwhelmingly voted for Obama and his promises of hope and change. That doesn’t nullify the fact that most young adults don’t bother to vote at all.
A little early in the morning to be making such an ass of yourself, leftard.
Is it too early for you to understand simple math and see that the fact that 6% (based on the info above) of teens are disappointed in our President doesnt mean sh*t?
Obviously, a little too early for you to be able to follow the cascade of responses, asshole. Then again, you were always a defensive creep of a troll.
You, as usual, are clueless and a troll.