Liberal Unemployment

Jerry Bowyer - Townhall.com

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Ask yourself a few questions: Why did unemployment surge ...?
... This huge jump in the size of the unemployed comes from new entrants to the economy – hundreds of thousands of them. ...who starts looking for work at the end of Spring? That’s right – students. Hundreds of thousands of students are looking for work right now, and they’re not finding it.

Congress is to blame. Last year Congressional Democrats (along with some Stockholm-Syndromed Republicans) passed the Fair Minimum Wage Act of 2007, which started a phased hike of the minimum wage from $5.15 an hour to $7.25. Free market economists warned them that this would increase unemployment – that rapid increases in unemployment compensation hit teens and minorities the hardest. ...

Now, we see the perfectly logical outcome of wage controls – rising unemployment among the most economically vulnerable.