It certainly wasn't surprising how press outlets desperately trying to depict the economy as depression-like were practically giddy following the dour jobs report released by the Labor Department last Friday.
What was shocking given the portion of May's unemployment rate rise attributed to high school and college students looking for summer jobs was that virtually no press outlets considered the impact last year's minimum wage hike might have had on young Americans finding temporary positions between school years.
Consider this op-ed published in Monday's Washington Examiner authored by Kristen Lopez Eastlick, the senior economic analyst at the Employment Policies Institute:
According to economist David Neumark of the University of California at Irvine, for every 10 percent increase in the minimum wage, employment for high school dropouts and young black adults and teenagers falls by 8.5 percent. In the past 11 months alone, the United States' minimum wage has increased by more than twice that amount.Interesting, wouldn't you agree? And, certainly newsworthy.
Yet, from what I can tell, results of Google News and LexisNexis searches didn't find one major mainstream news outlet that offered such analysis in its reporting of Friday's unemployment rise...
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