Why Is Unemployment So High? - Robert P. Murphy - Mises Daily

Why Is Unemployment So High? - Robert P. Murphy - Mises Daily: "The government made low-skilled workers artificially more expensive. In July 2009, the federal minimum wage (due to legislation from 2007) rose from $6.55 to $7.25 per hour. Thus, anyone with productivity worth more than $6.55 but less than $7.25 per hour to an employer was turned into a money-losing proposition when he otherwise would have been profitable to hire."