Friday, July 1, 2016

Expect an Increase in Unemployment Among the Least Productive

Happy fourth of July.

On July 1, many. cities, states and counties, plus the District of Columbia, will raise their minimum wage in a mid-year burst that reflects the legislative momentum to boost pay floors, reports Melanie Trottman.

In total, the minimum wage will rise in 15 places: two states – Maryland and Oregon, plus Washington, D.C., Los Angeles County, Calif., and 11 cities. That includes Chicago, eight cities in California and two in Kentucky.

Minimum wage laws, of course, make unemployable those who do not produce more than the new hourly rate---that is, the least skilled among us.

It is horrific legislation impacting the least capable.

-RW

1 comment:

  1. Another "unintended consequence" I foresee is that each of these locales will probably experience a consistent and measurable increase in crime. If you create more compulsory unemployment, the less able in society are left with less options.

    Note to self: avoid these otherwise wealthy areas because they are creating an artificial underclass that will encourage a lot of "primitive" behavior.

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