Voters mandate that more teenagers remain unemployed

The Denver-area inflation rate for the first half of the year was 3.7 percent, propelled by rising energy costs.

It’s not just another economic statistic: Thanks to a 2006 ballot issue, Colorado uses the measure to set the state’s minimum wage.

Now $7.02, the minimum wage will increase Jan. 1 to $7.28, the Rocky Mountain News calculates, based on the Colorado Department of Labor’s rules.

http://www.rockymountainnews.com/news/2008/aug/14/colorado-minimum-wage-rise-thanks-inflation/

Next year the headlines will read "unemployment rises", and the people will never put 2 and 2 together.

Comments

[alesian]

Unemployment rises day by day because of lack of jobs for people.So many companies are out sourcing their work to different countries, so that they can earn more profit,but they are not thinking about the unemployment in their own country.Government must take some action on this.
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alesian
Colorado Drug Treatment

[severin]

alesian,

You should ask yourself why. Why are these companies leaving for other countries? It is not because the government has not done enough, but rather that they have done too much. Taxes are too high for companies, government regulations cost too much to comply with, and for a lot of companies labor here is manadated to be too costly.

When you are dealing with a global marketplace, the taxes and regulations of the country need to be competitive and when you see companies leave it is an indication that the country they had been located in was not offering them low enough taxes and regulations so they found a better offer. Companies shop for countries to set up shop in using the same criteria as we do when looking for the best deals on a product or service we wish to buy (who has the best product at the lowest cost).

[BlueCarp]

Severin, what is your email? Can you post the newest info about the next Bob Barr event? Thanks, Dave Williams

[severin]

Mail to blog @ lpcolorado I would be happy to post about an event.