Dispenser of Negativity
- May 30, 2007
- Reaction score
- Political Leaning
Indeed, teenage unemployment today is around 26 percent, and the Usual Suspects are concerned. The situation is so bad that some young people are even taking unpaid internships, something that state governments (and the unions that back them, of course) have declared illegal. Others, like this blogger, bemoan the fact that young people are not getting valuable work experience.
Yet for all of the angst from people who really want to believe that government fiat can trump economic laws (or create new ones), we are dealing with a situation that surprises no one who actually respects economics. The combination of both a recession and a substantial increase in the minimum wage is hitting low-skilled workers (and teenagers pretty much fit into that category) who are an economic burden to employers if they cannot produce enough to justify their pay.
I would like to also add that alot of teenagers are lazy as ****. The only reason alot of them look for jobs is that parents turn off the money spigot. I started working at 15 because I wanted to work and earn my own money. Its rare that you see that kind of drive anymore.
Is Anyone Shocked by High Teenage Unemployment? | The Freeman | Ideas On Liberty