1 - 2
In response to:

First Jobs

ajwagner421 Wrote: Jul 19, 2012 1:15 PM
So then the minimum wage isn't the issue here. Why talk about it? If things like payroll taxes are the issue then talk about them. They've steadily increased since their creation and since 1990 have stayed constant. In 2011, there was a small decrease. In this time, we've seen both economic booms and recessions. Both high and low unemployment. In the end, is any of this really the main issue for the current recession? No, it's just the nature of the business cycle. On a side note, on the second page he discusses how there were plenty of first jobs to be found but people weren't applying. So obviously the minimum wage, payroll taxes, and paid interns aren't preventing businesses from creating jobs.
In response to:

First Jobs

ajwagner421 Wrote: Jul 19, 2012 8:57 AM
Something I find interesting, John Stossel was born in 1947. So say he started working when he was 18, so 1965. Minimum wage was $1.25 (nominal). Adjusted for inflation that would be $7.52 (2009$). So 25 cents an hour more than we have now. But now in 2012 we don't have first jobs anymore because of the minimum wage which, when adjusted for inflation, is almost exactly the same as when he most likely found his first job.
1 - 2