AS IF the recession hasn’t been rough enough on those near the bottom of the economic food chain, fresh bad news is on the way. Beginning July 24, the federal government will be making it more difficult for employers to hire low-skilled and unskilled American workers. Thanks to an ill-advised law enacted with bipartisan support in 2007, the cost of providing an entry-level job to individuals with few skills or minimal experience will be going up by more than 10 percent. Those who cannot find a job paying at least $7.25 an hour will not be permitted to work.
Welcome to the latest chapter of America’s minimum-wage folly.
Our politicians, instead of incentivising production and business in the US, continue to put obstacles in their path. The idiocy of not allowing businesses to hire people who will work for, say $6/hour, is unconscionable anytime but especially so now when so many are looking for work. (Thanks to Wrisley for the link.)
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