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View Diary: Historic Day: Does the Media Know? (346 comments)

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  •  Exactly - now let me say just the opposite too, (0+ / 0-)

    in complete agreement. What part of "The only place they found some positive correlation was in the labor market for teenagers" means "not just teens but all low-skilled workers"?

    •  Sorry if it wasn't clear (0+ / 0-)

      Teens - at least on the whole - can be seen as a subset of low-skilled workers because teens, generally, are low-skilled.

      goblue72 said that some economists have found that the minimum wage deminishes job opportunities for teens.  The reason for this effect is that a self-interested business person might be willing to take a chance on a low-skilled worker for $4 per hour but not for $7 per hour.  Because teens, generally, are low-skilled, this effect can be seen amongst teens.

      It's not as if there is something special about teens that makes them susceptible to the minimum wage but not others.  No, they are affected because of their skill level.

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