Re:A Basic Income Is Smarter Than a Minimum Wage
by clarkmoody on Monday April 04, 2016 @04:37PM
(#11425388)
I would add that the minimum wage is also reflected in the unemployment rates, for those groups whose labor does not command even that low wage. This[1] BLS page has a granular breakdown of unemployment rate by age, gender, and race. The highest aggregate rate is among the youngest group (16-17 year olds). I would love to see tons of low-skill, low-pay jobs for young people who are looking, but instead we see very high unemployment for those younger ages.
Also alarming is that the unemployment rate for young black men (16-17) is 45% right now.
Re:A Basic Income Is Smarter Than a Minimum Wage
by opo on Tuesday April 05, 2016 @12:39AM
(#11427859)
Not sure how they came up with that. Pew Research summarized data from the Bureau of Labor Statistics:
"People at or below the federal minimum are:
Disproportionately young: 50.4% are ages 16 to 24;
24% are teenagers (ages 16 to 19).
Mostly (77%) white; nearly half are white women.
Largely part-time workers (64% of the total)."
http://www.pewresearch.org/fact-tank/2014/09/08/who-makes-mi...
[0] http://mobile.nytimes.com/2014/06/10/upshot/minimum-wage.htm...