Minimum wages definitely help the rich. The young people that are given skill intensive jobs will be from networking, most likely from the parents.
Or they train the kids themselves. Either way they'll have skills that a normal person will never get the chance to get.
Then at 23, the real jobs are going to hire people with legit experience. Now they are two steps up and there's no practical way to catch up. Is that extra $10 an hour as a teenager going to mean anything if you are 5 years behind the curve?
|