The Frugal Libertarian

Minimum wage laws are supposedly meant to help the poor, but the reality is that it prices young low-skilled workers out of the job market.  Basically, employers cut jobs because the wage the government is forcing them to pay is worth more than the labor the employees could provide.   People would probably cut back on how much milk they drank if the government made us pay $10.00 a gallon.  It is the same for labor.  So, I was not surprised by this article saying that unemployment among young workers has increased dramatically since 2007.