Art Laffer: Minimum Wage ‘Is Just the Black Teenage Unemployment Act’

Fox Guest: Minimum Wage Is Just ‘Black Teenage Unemployment Act’ (Mediaite)

Arguing that a federal minimum wage would put a good number of people out of jobs, former Reagan economic advisor Art Laffer told Fox’s Happening Now panel Wednesday morning that the minimum wage was just the “black teenage unemployment act.”

“The minimum wage makes no sense whatsoever to me,” Laffer said. “I mean honestly, it’s just the black teenage unemployment teenage act. These are the very groups we need to have jobs, not be put out of work because of a minimum wage. So I’m really very much in favor of, at least for teenagers, getting rid of minimum wage to bring them back into the labor force, get them skills they need to continue being productive members of our society for years and years.”