Joe Biden’s $15 Minimum Wage Could Kill More than 1.3 Million Jobs

[mystery-ak]

Joe Biden’s $15 Minimum Wage Could Kill More than 1.3 Million Jobs

Haris Alic 15 Jan 2021

President-elect Joe Biden’s proposal to raise the national minimum wage to $15 an hour could put more than 1.3 million Americans out of work.

On Thursday, Biden unveiled his $1.9 trillion dollar spending plan meant to tackle the economic consequences of the novel coronavirus pandemic. The president-elect’s proposal, which seeks to allocate more money for vaccine distribution and provides a bailout for cities and states hit hardest by the virus, also includes a trove of progressive priorities.

Included among the list of Biden’s proposals that also have wide progressive backing is raising the minimum wage to $15 an hour. Biden, who endorsed the wage hike when he first jumped into the White House race in April 2019, has argued that the economic crisis created by the coronavirus presents the best opportunities to accomplish the goal.

“There should be a national minimum wage of $15 an hour,” the president-elect said during a televised address from Wilmington, Delaware, on Thursday. “Nobody working 40 hours a week should be living below the poverty line.”

Noting that a politically “divided” state such as Florida had just approved raising the minimum wage to $15 an hour via ballot initiative, Biden claimed it was time for “the rest of the country … to move as well.”

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https://www.breitbart.com/2020-election/2021/01/15/bidens-15-minimum-wage-could-kill-more-1-3-million-jobs/

[jafo2010]

JOB LOSSES:  Obama took our workforce to mid 1970s levels.  Anyone here that doubts that Biden will set a new record of mid 1950s numbers, think again.  If we are lucky, we will hold to mid 1950s numbers.  The result of a Biden presidency will be dire, unemployment, homelessness, starvation, and death.  It will happen like we have not seen since the 30s.  And it could well end up being higher numbers of folks displaced from homes than in the 30s.  Back then, the population was around 130 million. 

With Biden opening the borders, and his intent to make illegal invading aliens citizens, our population will be at 400 million before the end of his presidency.