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Wednesday, June 29, 2011

But At Least the Politicians Care... In Theory.

Current teenage unemployment rates for May 2011:

All teenagers: 24.2% 


Black teenagers: 40.7%

Male black teenagers: 45.1%

Female black teenagers: 35.9%


To paraphrase Larry Elder, let's sum up. Politicians and the mainscream media ignore market forces, don't care about the reality that demand curves slope downward, and overlook the significant adverse impacts of raising the minimum wage on teenage unemployment.  But hey, at least they care. In theory. Especially for minorities.

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