Teens vs. the Laws of Economics—Teens Lose
Arizona hiked its minimum wage and now teenage workers are getting the boot, according to the Arizona Republic. The newspaper reports:
The Employment Policies Institute in Washington, which opposed the recent increases, cited 2003 data by Federal Reserve economists showing a 10 percent increase caused a 2 percent to 3 percent decrease in employment.
The whole thing here.
My Reason colleagues offer some additional insights here and here.
