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The Minority Youth
Unemployment Act

Wall Street Journal, by Staff

Original Article

Posted By:Desert Fox, 2/15/2013 11:14:04 PM

One paradox of the Obama Presidency is how it has retained the support of young people and minorities despite the damage its policies have done to their economic prospects. In his latest attempt to increase the minority youth jobless rate, President Obama is proposing to raise the minimum wage. In his State of the Union address, Mr. Obama proposed an increase to $9 an hour by 2015 from $7.25, and then indexing the minimum to inflation. "Employers may get a more stable workforce due to reduced turnover and increased productivity," the White House says.

      


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Reply 1 - Posted by: belwhatter, 2/16/2013 2:29:39 AM     (No. 9179255)

The kids are mesmerized and raising the minimum rate is total rubbish.

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Reply 2 - Posted by: Th-Gr-Sil-Majority, 2/16/2013 2:35:30 AM     (No. 9179262)

...the key is "indexing to inflation". The White House knows the horror they have created for our future with their actions...

...

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Reply 3 - Posted by: Country Boy, 2/16/2013 3:30:19 AM     (No. 9179283)

Raising the minimum wage increases productivity? Who knew?

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Reply 4 - Posted by: Spidey, 2/16/2013 4:53:39 AM     (No. 9179302)

This is nothing but a stupid applause line. The market determines wages,not the government.These idiots are totally blind to the restaurant industry and the skimpy profit margins they operate under.

Even if they raise prices,they have to spend thousand printing new menu prices.Then they want the menus to have a calorie countdown on every meal they offer.People eat what they want at a restaurant,they´re not going to stare at the calorie count before ordering.

Policies like this also cause owners to hire kitchen help under the table.fast food chains are already grappling with Obamacare.

Liberal utopianism schemes don´t play well in the real world but they sucker plenty of stupid voters in.

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Reply 5 - Posted by: just another nerd, 2/16/2013 6:54:51 AM     (No. 9179407)

What happens when, as some have predicted, we get runaway inflation? It isn´t hard to see the minimum wage increasing to the point that we are all making minimum wage.

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Reply 6 - Posted by: provide, 2/16/2013 7:37:53 AM     (No. 9179475)

I´m sure raising the minimum wage will reduce section 8 and food card rolls.

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Reply 7 - Posted by: franq, 2/16/2013 7:49:18 AM     (No. 9179496)

Just another wealth redistribution scheme.

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Reply 8 - Posted by: TXspyder, 2/17/2013 4:23:16 AM     (No. 9180984)

If $9 an hour is good, why not make $100. Than we can all live the good life!

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