Quote – N. Gregory Mankiw, The Boston Globe.

These teenagers [that drop out of school to take the higher wage jobs] take jobs that would go to unskilled adults, making it harder for those adults to make the transition from welfare to work.

N. Gregory Mankiw. “The Cost of a "Living Wage": We can't ignore law of supply and demand,” The Boston Globe.

Sunday, June 24, 2001