Liberals’ Plan Bad For 500,000 People
President Barack Obama and fellow liberals claim to want to lift more Americans out of poverty. But their newest pet project would plunge half a million people deeper into it.
Obama and liberals in Congress want to increase the federally mandated minimum wage. They insist it would help millions of Americans.
But economists warn it also would eliminate many minimum-wage jobs.
This week, the widely respected, nonpartisan Congressional Budget Office estimated the increase would eliminate about 500,000 jobs by 2016.
Is that what the liberals want? To buy a few million votes by killing job prospects for 500,000 low-skill workers? The CBO report ought to put an end to talk about a minimum wage increase.