Just over two years ago I wrote an article titled, “Minimum Wage Increase Means Maximum Employment Decrease.” And I began thus:
The Democrats raised the national minimum wage from $6.55 to $7.25. They claim that the additional earnings will help the economy. Just like their stimulus did (right?).
Of course, raising the minimum wage is effectively a tax increase imposed primarily on small businesses. Things always seem so easy when your spending other peoples’ money.
The road to hell is paved with good intentions, goes the saying. Whoever first said that surely must have had Democrats in mind.
The economist who literally wrote the book on Minimum Wages predicts that the minimum wage hike will result in the loss of 300,000 jobs. And that’s a HUGE number, consider there are only 2.8 million minimum wage workers; it’s 10.7% of the total minimum wage work force!
THAT’S the way to help the economy! THAT’S the way to help poor workers!
That article cites articles and sources AND MADE A PREDICTION. And that prediction was that the minimum wage increase would result in far fewer jobs and hurt the poorest people. You should read it now, given what you are about to see below:
Average Teen Unemployment Rate in D.C. is 50.1%, Analysis Shows
Friday, August 12, 2011
By Penny Starr
(CNSNews.com) – An analysis based on U.S. Census Bureau data by the Employment Policies Institute (EPI) shows that the average unemployment rate for teens ages 16 to 19 in the District of Columbia was 50.1 percent as of June 2011. This corresponds with data from the Bureau of Labor Statistics (BLS) showing that for D.C. the annual average unemployment rate for teens in 2010 was 49.8 percent.
Michael Saltsman, research fellow at EPI, provided the 50.1 percent figure to CNSNews.com as an update of an analysis he compiled based on the Census Bureau’s Current Population Survey.
The 50.1 percent figure is almost double the average teen unemployment rate in June 2007 in the District, when it was 26.2 percent, according to Saltsman.
Since 2007, the rate has increased each year: 29.5 percent in June 2008, 44.7 percent in 2009 and 48.8 percent in 2010, based on EPI’s analysis.
“We’re in the midst of the third summer in a row where teen unemployment has been above 20 percent,” Saltsman said when he announced his report on July 8.
The Bureau of Labor Statistics (BLS) does not keep monthly unemployment rates on teens, but its data showing the average annual unemployment rate for teens ages 16 to 19 in D.C. for 2010 was 49.8 percent.
The state with the second highest unemployment in the EPI analysis, California, also closely mirrors the BLS annual average for 2010 — 34.4 percent compared to EPI’s 34.6 percent.
The latest data from the BLS on average teen unemployment nationwide – all 50 states and the District of Columbia — as of July 2011 was 25 percent.
“Young people are facing more competition for fewer jobs, a lingering consequence of the recession and wage mandates that have eliminated entry-level opportunities,” Saltsman said. “The consequences for this generation of young people missing out on their first job are severe, including an increased risk of earning low wages and being unemployed again in future years.”
Saltsman’s analysis, which was released on July 8, ranked the 20 states with the highest average teen unemployment through May 2011: the first column shows the actual teen unemployment rate over the teen labor force; the second column reflects the number of discouraged teen workers added to the unemployment rate (also compiled from Census Bureau data).
District of Columbia – 49.0 percent, 52.2 percent
California – 34.6 percent, 36.2 percent
Georgia – 34.6 percent, 35.7 percent
Nevada – 34.3 percent, 36.4 percent
Washington – 33.2 percent, 34.2 percent
Idaho – 31.8 percent, 33.1 percent
West Virginia – 30.2 percent, 32.9 percent
Missouri – 29.6 percent, 31.2 percent
Florida – 29.4 percent, 31.4 percent
Kentucky – 29.0 percent, 30.3 percent
South Carolina – 28.5 percent, 29.0 percent
Rhode Island – 28.0 percent, 29.6 percent
Michigan – 27.6 percent, 29.1 percent
Mississippi – 27.5 percent, 30.7 percent
Tennessee – 26.9 percent, 27.4 percent
Arizona – 26.7 percent, 28.2 percent
Arkansas – 26.7 percent, 28.2 percent
Colorado – 26.1 percent, 26.7 percent
Illinois – 26.1 percent, 27.5 percent
Oregon – 25.8 percent, 26.4 percent
Two years ago Democrats hiked the minimum wage. Two years ago Barack Obama signed it into law. Two years ago Democrats predicted that this would lead to greater prosperity. Two years ago conservative economists predicted it would be a total disaster.
Who was right??? Who was totally freaking WRONG???
Democrats are genuinely evil people. And to the extent they actually have good intentions, THE ROAD TO HELL IS PAVED WITH DEMOCRAT INTENTIONS. Paved high and deep and wide.
Democrats demonize their opponents as being hateful and greedy. And then Democrats cynically assure the poorest and most needy and most ignorant that they will help those people and make their lives better.
But do they make these people’s lives better? HELL NO! Their stupid and depraved Marxist policies undermine and destroy America. In this particular case, Barack Obama and the Democrats said, “We’re going to demand that employers pay you a wage that exceeds what your labor is worth to them so that you lose your job and all sorts of minimum wage workers lose any chance whatsoever of finding a job. And we franklydon’t give one freaking damn about the suffering or your family’s suffering because we know that you’re the kind of poor, ignorant schmuck who will believe our demonizing the next time and the time after that and the time after that.
Let me go back to my article that I wrote TWO DAMN YEARS AGO when this stupid and evil law got passed. After guaranteeing the Democrat policy would fail; after guaranteeing that it would lead to huge job losses for teens and other minimum wage earners; and after talking about how profoundly stupid Democrat voters are for believing these lies over and over again (as I restate above), I concluded:
Democrats are like nurses who bring thirsty patients their very favorite brand of Kool-Aid. It’s a tasty beverage; don’t worry about the fact that it is contains arsenic (which just happens to be the primary ingredient in rat poison). It’s ultimately a terrible way to die, but what the heck, it sure taste good going down.
Obama has screwed all the people he promised that he would save. Even the reliably liberal Washington Post acknowledges that blacks have been set back DECADES under Obama’s misrule [See update below]. Black unemployment is TWICE the national average under Obama, and even überüberlib Maxine Waters is saying that rabid black support for Obama is hurting the black community. And the black congressional caucus is tired of making excuses for this failed leader.
And women are losing ground under Obama.
And young people are getting totally screwed under Obama.
Food, fuel and shelter have gone to hell under Obama. Poor people are more vulnerable to changes in all three than the rich people that liberals always demonize Republicans for protecting. Obama’s economic legacy is THE HIGHEST POVERTY INCREASE IN FIFTY YEARS.
It’s long past time that the American people wised up to the liberal demagogic attacks and understood that liberal policies hurt minorities, hurt women, hurt the young and hurt the poor FAR more than the conservative policies that liberals constantly demonize.
When Democrats attack the businesses that create jobs, they won’t create jobs. When Democrats attack the people who hire workers, they won’t hire workers. When Democrats attack the people whose capital investment makes economic expansion possible, they won’t invest.
And the people who will suffer the most are those who are closest to the bottom time and time again.
[Update, 9/14/11: It is amazing how frequently liberal newspapers purge their sites of anything that could be unflatering toward liberalism or Democrats. The story on black unemployment was purged by the Washington Post. But it is still available here via the Associated Press].