The One, Two, Three Punch: How Youth Will Get Screwed in 2014
1. Increasing minimum wage laws in many cities and states will make more youth unemployable, as the mandated minimum wage will be greater than the marginal revenue product of many youth.
2. Increasing regulations will continue to suffocate many 20-somethings from becoming entrepreneurs, as the costs to meet new regulations will be prohibitive.
3. Obamacare will increase the cost of healthcare insurance for the healthy youth well over what free market insurance would cost.
Avik Roy writes:
And make no mistake: on average, sicker and older people will fare far better under Obamacare than healthy people will. According to an analysis I conducted with colleagues at the Manhattan Institute, older, sicker individuals will benefit most from Obamacare’s exchange subsidies. On the other hand, in many parts of the country, healthier Americans—especially younger ones—will see their premiums double or triple under the law.
Link:
http://www.economicpolicyjournal.com/2013/12/the-one-two-three-punch-how-youth-will.html
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