Colin at Zeal For Truth on the minimum wage:
I wasn’t surprised to see that Oregon’s unemployment numbers have steadily risen over the past five years. I’m even less surprised that it has reached a whopping 12.4% and is second in the country.
A lot of people will point to the recession as the chief culprit for high unemployment - not merely in Oregon, but around the world. And while it is true that businesses closing puts immediate pressure on unemployment figures, it doesn’t tell the whole story.
The state of Oregon, for example, decided to tie the minimum wage to rising prices in 2004. This was put to the voters as a way to “lift all boats” in a rising tide of wage-increase and general prosperity. It was argued that the poorest would benefit as employers were forced to pay them more and that the increased wages would stimulate the economy.
Oregon now has the second highest minimum wage and the second highest unemployment rate (behind Michigan). These two statistics are directly correlated. The minimum wage is not a rising tide that lifts all boats - rather it is a barrier over which one has to jump to get a job. Raising the minimum wage does not force employers to pay their employees more - rather, it forces them to fire anyone who is not productive enough to earn for them at least their worth in the new minimum wage....
Go here to read the rest of the piece. I like these folks.
Go here to read about the ridiculously high levels of teenage unemployment and why government is to blame.
Go here to read a series of predictions that this would happen. Not that I like it or anything.