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Minimum Wage Increase Will Send Teenage Jobless Rate to a Record High

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The current (June) unemployment rate for teenagers of 24% is within 1/10 of a percent of the all-time high of the 24.1% teenage jobless rate set back in November and December of 1982 (see chart above). The teenage jobless rate of 24% is more than double the national average of 9.5% for June, and for African-American teens the unemployment rate was almost 38%. These rates will rise with the scheduled minimum wage increases.

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Bunk by Dan Lion on Thursday, Jul 9, 2009 at 1:11:11 PM
You know your bunk by Darren Wolfe on Thursday, Jul 9, 2009 at 2:56:36 PM
Spurious by Jim Arnold on Friday, Jul 10, 2009 at 6:21:06 AM
The laws of economics... by Darren Wolfe on Friday, Jul 10, 2009 at 8:13:17 AM
the myths of economics by Jim Arnold on Friday, Jul 10, 2009 at 11:39:10 AM
Another law of economics... by Darren Wolfe on Friday, Jul 10, 2009 at 11:58:55 AM
economic lawbreaking by Jim Arnold on Friday, Jul 10, 2009 at 8:09:12 PM
I'm just so obvious by Darren Wolfe on Friday, Jul 10, 2009 at 9:52:24 PM