Biden, Dems Plot Murder of 1.4 Million Jobs with Minimum Wage Hike
CBO Finds $15 Minimum Wage Would Hike Deficit, Kill Over a Million Jobs
Josh Christenson - February 8, 2021 2:28 PM
President Joe Biden's plan to raise the federal minimum wage to $15 would hike the nation's deficit by tens of billions of dollars and kill over a million jobs, according to a Congressional Budget Office report.
The nonpartisan agency's analysis concluded Monday that a $15 minimum wage would reduce the nation's workforce by 1.4 million—half a million more than the number it would raise out of poverty. It would also increase the cumulative federal budget deficit by $54 billion over the next 10 years, with interest-rate bumps and inflation adding another $16 billion.
Promoted by President Biden and introduced as a bill by Sen. Bernie Sanders (I., Vt.), the measure is one of several proposals Democrats hope to tuck into their $1.9 trillion coronavirus relief legislation.
https://freebeacon.com/biden-administration/biden-dems-plot-murder-of-1-4-million-jobs-with-minimum-wage-hike/
