Sunday, September 27, 2009

UPDATED: Teen Unemployment At A New High

UPDATE: The dead end kids: unemployment for Americans aged 16-25 has now hit over 50%. Of course, any linkage between the minimum wage and entry-level jobs doesn't exist in the eyes of the New York Times, except if Wal-mart is somehow involved.

Oh What a Time to Be Young! - Economix Blog - wherein they tapdance around the "why," putting on the decision by older Americans to keep working. I thought they didn't like trickle-down theories in Manhattan! But they don't make any observations whatsoever (surprise surprise) about the hikes in the minimum wage that push entry-level jobs out of the market or into the underground sector.

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