We did tell you so

Really, we did, repeatedly:

Britain’s youth unemployment rate has risen above Europe’s for the first time as a Bank of England official blamed minimum wage increases for pricing young people out of work.

Unemployment among 16 to 24-year-olds jumped to 15.3pc in the three months to September, surpassing the EU’s rate of 15pc, according to data published by the OECD.

Those most affected by a minimum wage are those with the least current attachment to the labour market: the young, untried, untrained.

Thus the imposition of a minimum wage at any level that actually bites - that actually affects anyone - will affect those young, untried, untrained.

Well, here we are then, you didn’t listen even when we did tell you and here’s the result we predicted.

Happy now?

Tim “Cassandra” Worstall