The minimum wage and teenage age labour force participation
25 May 2016 Leave a comment
in economic history, economics, labour economics, labour supply, minimum wage Tags: living wage, teenage unemployment
Happy birthday – you’re fired! #livingwage and youth job losses
04 Feb 2016 Leave a comment
in labour economics, labour supply, minimum wage, unemployment Tags: living wage, rational irrationality, teenage unemployment, The fatal conceit
The Dutch minimum wage increases with every birthday until the age of 23. Not surprisingly, there is a surge in job losses and a recession in hiring around birthdays. What is even worse is employment opportunities are redistributed from a group with a high rate of unemployment, teenagers and young people, towards prime age adults who have a much lower rate of unemployment.
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