University of Canterbury economist Eric Crampton has posted this interesting analysis on his blogsite.
It investigated the impact on youth employment of former Green MP Sue Bradford’s successful push to eliminate the previous youth minimum wage. This was set at a lower rate than the adult minimum wage because in general young workers are less skilled, experienced and productive.
Dr Crampton calculates that Sue Bradford’s initiative has cost young people somewhere between 8,500 and 12,000 jobs.
What a great legacy for a self-proclaimed – but economically illiterate – crusader for social justice.