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I looked at the data supporting the article's assumption that older workers make up a greater percentage of the long term unemployed than exist in the marketpla
by joshuaheard 13y ago
I looked at the data supporting the article's assumption that older workers make up a greater percentage of the long term unemployed than exist in the marketplace, and it is just no that great of a difference.
Instead of blaming employers, there are other causes for long term unemployment. The first of course is a slow growing economy that would normally absorb the unemployed. The other, I believe, is the greatest cause of our long term unemployment: raising the federal minimum wage $2 back in 2008.
Without going into detail, creating an artificial floor for the price of something limits the supply. For example, Some employers won't hire someone at $7 an hour, but might at $6. Some employers could hire 5 employees at $5 an hour, but only 4 at $7.
- mratzloff 13y agoCompete for starvation wages, ye masses!