It prices the very people its supposed to help out of getting that first job and thus the ability to develop skills that would make their labor ever more valuable.
The cuts off the first rung of the ladder analogy made above is very appropriate because if you can't get to the first rung the rest of the ladder is worthless.
And that is but one of a great many detrimental effects.
exactly..
Most of these jobs are in the $10 per hour bracket so a 50% increase in costs to the company has to be made up somewhere, either raising prices or reducing staff or hours.
Couple a min wage hike with the obamacare requirements that anyone that works over something like 30 hours per week must have medical coverage, the company simply reduces hours.
A lot of the younger people I know, including my own kids cannot make enough money from a job to pay rent on a simple apartment because the employers will not let them work more than 20/25 hours per week.
