The Wall Street Journal, which is frequently full of shit, constructs an argument blaming it on the last increase in the minimum wage. Apparently now that they are a Murdoch publication, facts are optional.
Why teens are unemployed
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Looks like that famous firewall between the WSJ’s reporting and editorial pages has been burnt down. It never really existed anyway, as was reported in the pages of “[MORE]”, the alternative journalism review, back in 1970. Dow Jones peonage was just that, back then; now it’s been replaced by News Corp (Murdoch) peonage.
Interesting, however, how Bonddad argues that the decimation of Boomer retirement funds has caused the 55+ workers to stay in the workforce, thus not freeing up hourly jobs for teens. On the other hand, a lot of us 55+ boomers have been cashiered and laid off, with little prospect of ever working again, in full-time, career-track positions.
We all know who caused this. I think it’s time to blow up Wall Street, burn down the gated communities, and setup rows of gallows for the hedge fund managers.