Young Workers See Pay Shrink - WSJ.com
Another thing we all should be asking ourselves is why, if we have unemployment, why aren't people finding themselves in a position to start their own business or to get together with others to start a business?
There are lots of known answers - some of which include the liberal mindset that people are 'entitled' first and/or that people really don't have choices (disproven by the illegal immigrants who take huge risks to get to the US and work very hard once here).
Other issues are the broad financially related mindsets of Democrats in particular who see no need to reward saving, investment and risk-taking and only see tax dollars to be redistributed by the beneficent hand of government.
Likewise, the gross and broad distortions of government believing they can pick economic and/or technological winners (e.g. by trying to support particular sources of energy and raising the cost of all production; or, as they did by raising the price of imported steel to support the domestic steel industry, all those American exporters who used steel then lost business).
And, with 'hidden taxes' people think there is no cost for unemployment insurance, workmen's compensation or they mis-perceive the true cost - including the cost of providing benefits like Medicare, Medicaid, etc.
Another interesting economic example is here in Portugal where taxes effectively 'double' the cost of a new car (and used cars). The economic ripple effect has never been calculated from anything I've seen; but, my empirical observation would be that the perceived benefit in terms of added revenue to the government is actually false (people don't buy very many cars) and the ripple effect (less demand, less productivity, lower quality of life, etc.) is emblematic of an economy that is not growing.
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