Re:The Growing Underclass: Jobs Gone Forever
by anamax on Friday January 29, 2010 @02:36PM
(#1087342)
> So the people who are most affected by changes to the minimum wage are teenagers who aren't paying for food and shelter, but looking for disposable income.
> Ergo, cutting the minimum wage won't be a boon for new jobs nor will it be cutting anyone's standard of living.
Not so fast.
Many of those teenagers are learning to work, which makes their future labor more valuable. If they don't get such skills, they'll never be worth employing.
Also, some of those teens are contributing to their household's income.
> Ergo, cutting the minimum wage won't be a boon for new jobs nor will it be cutting anyone's standard of living.
Not so fast.
Many of those teenagers are learning to work, which makes their future labor more valuable. If they don't get such skills, they'll never be worth employing.
Also, some of those teens are contributing to their household's income.