The federal government specifies that employers are not allowed to pay less to employees than what the government has determined is a minimum wage.
At present, unemployment among teenagers in the USA is around 25%.
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This is a major crisis. So, the government has responded. It has created a program to train teenagers in how to get a minimum wage job.
Such training does not come cheaply. It costs $76,000 per student.
These job training programs have been in operation for 18 months.
Read More at teapartyeconomist.com. By Gary North.