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MT: Minimum wage not working for teens

By   /   August 10, 2012  /   Comments Off

By Phil Drake | Montana Watchdog

HELENA — A report released Aug. 3 by a Bozeman-based free market think tank finds that Montana’s nearly 50 percent minimum wage increases since 2005 has served up 1,200 fewer teen jobs, and calls on Congress to repeal the law.

The study also calls on the Legislature to default to the federal minimum wage of $7.25, “which will be 55 cents less than the likely state minimum wage increase to $7.80 starting in 2013.”

The teen unemployment rate doubled from 10.4 percent in 2006 to 20.8 percent in 2011 for teens with a less than high school education as the minimum wage increased from $5.15 per hour to $7.35, according to the findings of the Montana Policy Institute, which publishes Montana Watchdog.

Read the complete story at Montana Watchdog.

 

 

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