The Dallas Morning News reports today that the summer job market for teenagers is shaping up as the weakest in more than 50 years. A little over one-third of 16-19 year olds are likely to be employed this summer. Restaurants, big employers of teenagers, are adding jobs at a slower pace than in previous summers. Retailers, a major source of summer jobs, blame a loss of American spending power.
Do you think this could be the result of what economists predicted a little over a year ago when employers were forced to raise the minimum wage? That they couldn't afford the increases, and the result would be fewer jobs? Naaaaaaah -- Must be global warming.
Subscribe to:
Post Comments (Atom)
1 comment:
I think you've hit the nail on the head! The sad thing is, there is no turning back....can't seem to un-do this one.
Post a Comment