48.6% unemployment in this group
The proportion of people ages 16 to 24 who were employed in July was 51.4 percent, the lowest July rate since records began in 1948 and 4.6 percentage points lower than in July 2008. …
Nancy Pelosi and the late Ted Kennedy pushed hardest for mandating increases in wages despite warnings that the net effect would be to lower employment for teens and entry-level workers while creating inflationary pressures on prices, negating the gains through loss of buying power.
Bad people champion bad legislation. Mental midgets don't understand bad legislation has bad economic impact.
|