NEW: Minimum Wage Hike Will Cost 200 Teen Jobs, Group Says
Tuesday, June 19, 2012
The Rhode Island Center for Freedom and Prosperity is projecting that teens will see 200 fewer jobs this year as a result of the minimum wage hike.
The General Assembly raised the state minimum wage by 35 cents to $7.75.
The data, which will be part of a more comprehensive teen employment report the Center plans to release in July, is "yet another example of the death-by-a-thousand-cuts syndrome that is depressing our state's growth," said Mike Stenhouse, CEO for the Center. Continual small increases in taxes and regulations are often implemented for compassionate reasons, but it is the contention of the Center that the cumulative effect of these polices has been devastating for area businesses, for the state's economy, and especially for those seeking work.
"Imagine that because of this minimum wage increase two hundred more Rhode Island teens are not going to have the chance to earn a paycheck, to learn important business skills, or to build their personal résumés," concluded Stenhouse.
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Comments:
Jonathan Flynn
12:31pm on Tuesday, June 19, 2012
Nonsense.
george pratt
2:39pm on Tuesday, June 19, 2012
If the job is 40 hrs/week, it'll cost an employer an extra $14/week in salary. If they can't afford that, they probably won't be in business long.
Donnn Roach
4:13pm on Tuesday, June 19, 2012
Nothing says freedom and prosperity like slave wages.
Michele Corso
4:18pm on Tuesday, June 19, 2012
nonsense
pearl fanch
5:11pm on Wednesday, June 20, 2012
That's ridiculous. Hey, if we reduce the minimum wage to $2.00 per hour, we can then employ everyone currently on unemployment.
Who writes these things?
Jonathan Flynn
5:42pm on Wednesday, June 20, 2012
Is Pearl kidding or just crazy? One never knows.
Wuggly Ump
10:56pm on Wednesday, June 20, 2012
This is "bread and circuses" from the politicians. If a minimum wage worked as advertised, why not just make it so everyone makes a million a year?
I'll give you a clue, inflation would be so bad that the value of the dollar would plummet. This is because no wealth is actually created with laws like this. Yes now the cashier at CVS is being paid almost $500.00/hour, but are you going to pay $30.00 for a pack of gum or loaf of bread? You're making more but everything becomes more expensive. Your living standard remains the same.
I would rather give a current employee a raise of $5.00/hour with the responsibility of sweeping the floor added to their duties. This would cost far less in another worker on workers comp, SS, health care and pay role paperwork in general. Not to mention the current employee would be happy about the raise.
Jonathan Flynn
9:46am on Thursday, June 21, 2012
Morons, simply morons.
Jack Cottone
9:45pm on Thursday, June 21, 2012
RI Center for Freedom and Prosperity is Rhode Island’s leading free-market (right wing) “think tank”. It’s website is http://www.rifreedom.org/ They are currently hiring a policy director and an outreach coordinator. If they hurry it up they can hire some teens and save 35 cents an hour. http://www.rifreedom.org/about-us/employment-opportunities/
Jack Cottone
9:46pm on Thursday, June 21, 2012
Law doesn't kick in till January....