Dems Snuck A $15 Minimum Wage Into The CARES Act — And We’ll All Pay The Price

[mystery-ak]

Dems Snuck A $15 Minimum Wage Into The CARES Act — And We’ll All Pay The Price
I & I Editorial Board
April 30, 2020

I&I Editorial

Buried in a story about the overly generous unemployment “bonus” that Democrats added to the CARES Act is the reason why they insisted on it in the first place — and why it will drag down the recovery once the lockdown ends.

While lawmakers were hammering out the massive $2 trillion bill, a key focus of which was to keep workers connected to their jobs through a loan guarantee program — Democrats insisted on a huge increase in unemployment benefits.

The result was a $600 a week bonus. New York Sen. Chuck Schumer was right to call this “unemployment on steroids.”

Well, guess what?

“The $600 payment aligns with working full time at $15 an hour – the minimum-wage level many Democrats in Congress support,” notes the Wall Street Journal.

The Journal reports that – thanks to this bonus – workers will get an average of $978 in unemployment benefits. What’s more, “Labor Department statistics show half of full-time workers earned $957 or less each week in the first quarter of 2020.”

more
https://issuesinsights.com/2020/04/30/dems-snuck-a-15-minimum-wage-into-the-cares-act-and-well-all-pay-the-price/

[Cyber Liberty]

The headline is a bit misleading.  Congress did not raise the minimum wage.  What they did was raise expectations with the 600 dollar increase in Unemployment, which won't last.