September 5, 2008

Unemployment numbers

Coyote Blog notes a coincidence between the recent spike in unemployment and the recent 12% raise in the mandatory Minimum Wage:
New Unemployment Numbers
US unemployment in August "jumped unexpectedly" to 6.1%, by the oddest of coincidences in the first full month just after new, 12% higher US minimum wages took effect.

The unemployment rate is higher than it has been in the United States in the last 5 years, but substantially lower than the rate most Western European countries like France and Germany experience even during peak economic times.

In response, the Obama campaign is urging further increases to the minimum wage and emulation of labor policy and legislation in France and Germany.
Cause and effect -- goes hand in hand and people wonder why... For those who don't want to click on the links above, the unemployment numbers are: France - 8% and Germany - 9.1%. Makes our 6.1% look good... Posted by DaveH at September 5, 2008 8:31 PM
Comments

In my long-held opinion, based on the rotten levels of performance and service I've experienced for years and years, there's not ENOUGH unemployment in our poor old country.

Posted by: Dick Parks at September 6, 2008 8:17 AM
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