Last week Sandra Fluke let us know that young people have never had it so good as the do under Obama’s deficit-plagued economy. But did she know that only 27% of teens can find work this summer? These alarming employment statistics come from the Center for Labor Market Studies at Northeastern University.
In an article this week, University of Michigan senior Rachel Jankowski blames heavy-handed government regulation for the problem.
For businesses, it’s already rarely worth it to hire a temporary student-worker. In this economy, many experienced workers are looking for full-time jobs, so why would an employer invest in an employee who can only work for the summer? Most businesses choose to invest in someone who can stick around.
Another problem is employers find young people too expensive to hire. Federal regulation costs businesses more than $10,000 to hire one additional employee. The passage of ObamaCare poses a big problem because it alone raises the cost of healthcare by 50% for young people.
What do you think? Has Obama made a bad economy worse with his tax and spend policies?