Alphameister

Is the Minimum Wage Increase Behind the .50% Jobless Rate Jump?

The pending increase in minimum wage is undoubtedly a contributing factor, perhaps even a major factor (notwithstanding the efforts of liberal "economists" over the years to disprove one of the most basic laws of economics (increase the price of something and there will be less demand for it). But I'm guessing the primary cause of last month's pop in the employment rate is a surge of new entrants into the employment market in response to fiscal stress at home. Teens who might have been able to take the summer off in recent years while having expenses covered by mom and dad now find themelves forced to get a job to support their lifestyles.