A minimum condition for summer jobs?
The summer job outlook for teens and young adults is the worst in years, according to this story in today's New York Times. Money paragraph:
The unemployment rate for the 16-to-24 age group reached a record 19.6 percent in April, double the national average. For those job seekers, said Heidi Shierholz, an economist at the Economic Policy Institute, "This is the worst year, definitely since the early 80s recession and very likely since the Great Depression."
The article is replete with calls for more deficit spending to "create" jobs for this group -- and it is illustrated by a photograph of students in Massachusetts demanding state funding. Of course, it also explains that $1 billion in federal spending would create 300,000 jobs, or more than $30,000 per job. Do you know of any summer jobs that actually pay $30,000?
I can't help wondering how different things might be if Congress had not adopted the third in a series of scheduled minimum-wage increases a year ago -- or if it allowed private sector employers to pay young people a subminimum wage today.
| June 1, 2010; 2:26 PM ET
Categories: Lane | Tags: Charles Lane
Save & Share: Previous: But what about Al and Tipper Gore's kiss? [Updated]
Next: Charlie Crist stays close to Obama -- literally
Posted by: Interceptor402 | June 1, 2010 3:33 PM | Report abuse
Posted by: bsimon1 | June 1, 2010 5:27 PM | Report abuse
Posted by: Dollared | June 1, 2010 5:46 PM | Report abuse
Posted by: RealChoices | June 2, 2010 6:52 AM | Report abuse
The comments to this entry are closed.