Biden's proposal to raise minimum wage to $15 could kill up to 3.7M jobs, CBO estimates

Huh ? We’re in a big recession and about to go under with millions of jobs lost now and a huge deficit increase long before the pandemic. You’re sleepwalking.

Trickle down does what it always does. Creates recessions. 11 of the last 12 are started under repo admins.

before Covid.
https://www.forbes.com/sites/chuckj...-scorecard-3-years-in-office/?sh=970012e7847f

 

Another study concludes the minimum wage hike will result in the loss of 2 million jobs.

The State Employment Impact of a $15 minimum wage

They estimate that if enacted, the Raise the Wage Act would result in 2 million jobs lost across the United States. The Arts, Entertainment, and Recreation and Accommodation and Food Services sectors will account for half of these job losses. Workers aged 16-24 will see the highest proportion of job losses, and the majority of jobs lost will be those held by women. Tipped workers will also lose a greater share of jobs affected by minimum wage than non-tipped workers—one in three tipped workers affected by this federal minimum wage increase will lose their job. The impact on job losses in this study does not account for slowed employment growth, and in some cases job loss, in areas where the minimum wage has already been increased to $15. In addition, the study only analyzes impacts through 2027, when the federal minimum will reach the $15 mark. Slowed or negative growth may continue past that time, especially for tipped employees, as the federal tipped minimum would continue to rise annually to meet the regular minimum.

 

Is this just a pie in the sky study or is it ligit.
You have a link or is it too embarrassing to post ?
Really, anyone can Google statements that agree , they just have to have a source we aren’t ashamed to post.

 

I put a link in my post. Check the title.

 

Ha ha
Embarrassing.....
Published by ..
The Employment Policies Institute is a fiscally conservative, non-profit American think tank that conducts and publishes research on employment issues, particularly aimed towards reducing the minimum wage. It was established in 1991 by Richard Berman, and has been described as "a nonprofit research group that studies issues of entry-level employment."
Employment Policies Institute does not have its own employees or office, but rather its staff work f…


NOW FIND A LIGIT STUDY FROM.....do you need more help ?

 

Why don't you demonstrate how the study is flawed, or present a study that the proposed minimum wage hike will not reduce employment?

 

It’s flawed because it’s politically motivated. Let’s see the actual study itself. There is no link to the study.

Read it yourself. Look at the references. They just gave opinions of data from other studies. They conducted NO STUDY AND GENERATED NO DATA THEMSELVES. it’s not even a study. It’s an opinion piece by a political group.

ITS FROM A. CONSERVATIVE THINK TANK..THAT DOES NOT EVEN EXIST !

 

Biden can’t raise the minimum wage for everyone without legislation.

 

Biden's not getting $15 per hour. He might could get $11 per hour but that is about the limit.

 

So it's flawed and you looked at the references and you claim there is no link to the study? How did you make these determinations without looking at the study?

 

It’s progressive, over several years. He doesn’t want $15 right off. It’s long a term goal with a schedule

 

No link to ANY STUDY. the links were in the references after an opinion.....it’s just an opinion with charts and data from actual studies.
The published material is from a think tank that’s not real...they don’t even exist. It’s ONE GUY making **** up. Your link is to an opinion publish by a non existing conservative think tank.....Employment Policies Institute
Ha ha.

 

"No link to ANY STUDY"

You're not even trying to dispute it. OK figures.

 

My guess, it will sound something like 7.50 the first year, 10.00 after three and 15.00 after six.

And, each year will still be subject to a vote by Congress....Every major change is or should be done slowly to see actual effects on economy un like fking massive tax cuts by republicans which fk things up every time repos gain control.

 

Why waste my time disputing an opinion by ONE knuckle head who founded this BS for one reason only, to fk the middle class. . WHEN ITS NOT EVEN A STUDY.
It’s laughable. I suppose your opinions are now a “ study “ ?

 

How would you know? You claim there is no link to it?

 

If you can’t even look up where you found your little article,

Employment Policies Institute...?
That’s what the link is to. It’s not a study...you didn't even read the article yourself.....

 

You are factually incorrect. The link I provided DOES link to the study. You want to fight on every ground but the data.

 

Ah, nope. Wrong again.
Did you actually read the “raise the wage act ?”

 

Why are you changing the subject? Do you now admit that I did provide a link?

 

This will kill the little guy. No way around it. I can understand raising it in SF LA or Ny, but how the hell are small businesses in middle America going to survive? 3.7 million? More like 10 million. The dems are in bed with the corporations and this will kill their competition. Bye bye mom and pop joints of all types.

 

Just gonna sit there and pretend a global pandemic didn't occur and that left wing state governors and legislators didn't keep businesses closed for nearly a year.

Uh. Interesting.

 

States should decide and cities within them. A business owner in South Dakota cant pay the same wage as one in New York. Not even close.

 

Labor is a business expense that impacts profitability like any other operational cost. In fact, labor costs are almost always the most expensive operating cost.

If other operating prices increase a business has two options to retain profit margin.

1. Do more with less.

2. Raise prices.

In exactly zero cases do businesses just eat the cost and reduce profitability. Anybody that thinks that is completely ignorant to reality.

 

Let me guess. That's , not congressional. Right?