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Thursday, March 17, 2011

Ohio Town Sees Public Job as Only Route to Middle Class

“Wages at the bottom of the labor market have stagnated since 1970, with inflation gobbling up gains made over the years. The federal minimum wage buys a lot less today; it represented just 38 percent of the average hourly wage for private, nonsupervisory workers in 2010, down from 47 percent in 1970, according to the federal Bureau of Labor Statistics. . . .

Dim prospects push young people here toward another government solution. Brynna Frazier, 30, said the most popular choice among her friends was the military, which, at $1,600 a month with health insurance, was the best job around. Ms. Frazier, a waitress, has not had health insurance in any job she has ever worked, including Wal-Mart, Taco Bell and a telemarketing firm.” (New York Times)
Intervention begets intervention begets chaos.

FEE Timely Classic

Government Intervention Creates Chaos, Not Jobs” by Donald J. Senese