View Full Version : Remember how dems were going to help MW workers?

04-14-2011, 04:17 AM
The truth is that nothing hurts low wage workers more than leftist economics.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">A quarter of teenagers were jobless in March, representing a surprising increase from February, even as the unemployment rate for the rest of the population decreased.

This figure may only get worse if budget-strapped states raise the minimum wage, and it could also be a sign of greater structural damage underlying our economy, analysts said.

The unemployment rate for 16- to 19-year olds jumped back up to 24.5 percent in March, up from 23.9 percent the prior month, according to the latest jobs data from the Labor Department.

The total unemployment rate fell to 8.8 percent from 8.9 percent.

“Even when comprehending that teen employment is volatile in nature, the data that exists serves up some shock and awe,” said Brian Sozzi, a retail research analyst with Wall Street Strategies, in a note Wednesday. “If these (wage) increases do go through, the prospect for teen employment will remain grim as employers search for workers with advanced skills to fill positions.”

Twelve states, including Illinois and Pennsylvania, are considering a hike in the minimum wage. While this has been the subject of a long-running debate, many economists and analysts say raising this pay bar may cause more teen layoffs, even as it helps teens who manage to stay employed make more.

“Minimum wage increases over the past few years has definitely made it worse,” said Peter Boockvar, chief equities strategist at Miller Tabak. “In fact, there should be zero minimum wage for teenagers, or at most, something much less than the current rate.” </div></div>

Does THIS (http://www.cnbc.com/id/42572175) make our resident leftists proud?

04-14-2011, 05:15 AM
LOL. Talk about scraping the barrel.

You find one hack who says something you think is true and that's it, you lick it up.

Check out this guy,s [ a guy who nobody has ever heard of..!!! ] web site. would you take advice from this mob? (http://www.wstreet.com/about/research_team.asp)



04-14-2011, 05:18 AM
So the Obama regime's Department of Labor are hacks?

You might actually have a point for once?

Might I suggest a fedora?

04-14-2011, 05:20 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Qtec</div><div class="ubbcode-body">Check out this guy,s [ a guy who nobody has ever heard of..!!! ] web site. would you take advice from this mob? (http://www.wstreet.com/about/research_team.asp)


Q </div></div>

Actually Charles Payne is a well respected and generally spot on financial analyst who has been quite critical of the regime ... which explains why you've never heard of him.

04-14-2011, 05:55 AM
Let's review:

December 2006 - UE rate is 4.4%.

Summer 2007 - First dem budget takes effect, MW is raised, UE is at 4.6%.

July 2008: MW is raised again, UE is at 5.8%.

Six months later - Obama takes office, UE is at 7.4%. Stimulus passes promising UE to not go above 8%.

July 2009 - MW is raised again, stimulus spending begins, UE is at 9.4%.

October 2010 - UE is at 10.1%.

February 2011 - UE is 8.9%, which is 202.3% of the UE rate that the democrooks "INHERITED" and had declared horribly unaceptable and "THE WORST ECONOMY SINCE THE GREAT DEPRESSION" during the 2006 election.

TRUTH (http://www.miseryindex.us/URbymonth.asp)