CBO: Biden $15 An Hour Minimum Wage Will Cost 1.4 Million American Jobs

[easyt65]

So what? Biden is planning to create a bunch of new jobs in green energy, education, infrastructure and health care.

Yeah, he also said when he got in office he would get C-19 under control....before he took office and declared 'There is nothing we can do'...

 

[Nostra]

CBO: Biden’s $15 Minimum Wage Would
Result in a Loss of 1.4 Million Jobs

Why Do This? Because the Democrats know what's best for you...and because they CAN.


CBO: Biden's $15 Minimum Wage Would Result in a Loss of 1.4 Million Jobs

Those 1.4 million people made the wrong choices.

Shoulda married a ketchup heiress.

 

[AzogtheDefiler]

CBO: Biden’s $15 Minimum Wage Would
Result in a Loss of 1.4 Million Jobs

Why Do This? Because the Democrats know what's best for you...and because they CAN.


CBO: Biden's $15 Minimum Wage Would Result in a Loss of 1.4 Million Jobs

With all due respect that is unifying as Democrats, GOP and Independents will lose jobs at an equal pace. Misery for all = unity.

 

[danielpalos]

Yeah, that is what they said about a seven dollar an hour min wage.

The jobs always come back
The market adjusts

Automation Engineers disagree with you.

if they have to pay someone $15 an hour they will make them provide $15 worth of labor by augmenting them with automation.

We don't need low wage jobs in our first world economy anyway. Wages that are too low merely means that labor is getting subsidized by the public sector with social services simply for the bottom line of Capitalists.

 

[Nostra]

Yeah, that is what they said about a seven dollar an hour min wage.

The jobs always come back
The market adjusts

Never heard of automation, huh?

 

[Rambunctious]

The lower the unemployment number under Trump went the angrier the elected democrats became....dems don't want people game fully employed....they want you in need....in need of them and sadly I think some modern day elected republicans do as well....if you are self sufficient all you need them for is to fill pot holes....and they want way more power and control than that.....

 

[danielpalos]

CBO: Biden’s $15 Minimum Wage Would
Result in a Loss of 1.4 Million Jobs

Why Do This? Because the Democrats know what's best for you...and because they CAN.


CBO: Biden's $15 Minimum Wage Would Result in a Loss of 1.4 Million Jobs

So what? Biden is planning to create a bunch of new jobs in green energy, education, infrastructure and health care.

Putting money in people's pockets increases the demand for restaurants, home improvement, vacations, entertainment, new clothes, etc. and all those industries will have to go on a hiring spree to meet the demand.

and 900,000 lifted out of poverty.

Most of those jobs will be skilled, not unskilled.

Some people aren't worth $10 an hour, never mind $15, how are they going to perform jobs that earn $25 or even more?

With better unemployment benefits those people could go to school or learn new skills that are more in demand.

 

[danielpalos]

Yeah, that is what they said about a seven dollar an hour min wage.

The jobs always come back
The market adjusts

Never heard of automation, huh?

Yes. And, I have also heard of emerging technologies.

 

[AzogtheDefiler]

Yeah, that is what they said about a seven dollar an hour min wage.

The jobs always come back
The market adjusts

Automation Engineers disagree with you.

if they have to pay someone $15 an hour they will make them provide $15 worth of labor by augmenting them with automation.

We don't need low wage jobs in our first world economy anyway. Wages that are too low merely means that labor is getting subsidized by the public sector with social services simply for the bottom line of Capitalists.

Not true as HS kids need part time jobs to learn what working is like, etc. Flexibility helps too.

 

[22lcidw]

CBO: Biden’s $15 Minimum Wage Would
Result in a Loss of 1.4 Million Jobs

Why Do This? Because the Democrats know what's best for you...and because they CAN.


CBO: Biden's $15 Minimum Wage Would Result in a Loss of 1.4 Million Jobs

So what? Biden is planning to create a bunch of new jobs in green energy, education, infrastructure and health care.

Putting money in people's pockets increases the demand for restaurants, home improvement, vacations, entertainment, new clothes, etc. and all those industries will have to go on a hiring spree to meet the demand.

and 900,000 lifted out of poverty.

Most of those jobs will be skilled, not unskilled.

Some people aren't worth $10 an hour, never mind $15, how are they going to perform jobs that earn $25 or even more?

With better unemployment benefits those people could go to school or learn new skills that are more in demand.

Name those skills and the education needed and the abilities of the people to learn them.

 

[Vel]

CBO: Biden’s $15 Minimum Wage Would
Result in a Loss of 1.4 Million Jobs

Why Do This? Because the Democrats know what's best for you...and because they CAN.


CBO: Biden's $15 Minimum Wage Would Result in a Loss of 1.4 Million Jobs

Only in the short term. Unemployment compensation could be improved to better pick up the slack and automatically stabilize our economy. In the long run, higher paid labor creates more in demand and generates more in tax revenue.

Where do you think the money for unemployment comes from?

It should be coming from general taxes not direct taxes. Anyone receiving unemployment compensation can pay general taxes.

Unemployment compensation is primarily funded by businesses.

 

[SC Patriot]

Only in the short term. Unemployment compensation could be improved to better pick up the slack and automatically stabilize our economy. In the long run, higher paid labor creates more in demand and generates more in tax revenue.

Yes, let's put another 1.4 MILLION Americans out of work in the middle of a pandemic and already Democfrat-created bad economy....on top of all the thousands f Americans already laid off and that will be in the oil Industry, building and erecting the Border Walls and associated / linked businesses...on top of all the employees and small business owners who are out of a job thanks to the Democrats destroying more than 50% of all minority-owned small businesses in the US.

Lets put 1.4 million people out of work, unable to pay rent or provide for their families - it's no big deal. It's just for a 'short time'. $400 a month unemployment compensation will take care of them - except they want their jobs and want to work, not take hand-outs.

In the long run this mandated salarythat just cost 1.4 million American jobs will generate more tax revenue. 1.4 million Americans NOT paying taxes is going to create more tax revenue.....1.4 million Americans sucking off the tax-payer funded social program (Unemployment, welfare, food stamps) is going to generate more tax revenue than if they were working?

Really?

Gotta love a Trump economy.

Stolen Valor.

Enough said abut you

 

[easyt65]

Gotta love a Trump economy.

TRUMP economy?

Democrats destroyed 50% of all minority-owned small businesses in the US, hamstringing the economy and sdestroying American lives, all to regain power. In his 1st 10 days in office Joe Biden sacrified tens of thousands of American jobs in the middle of a pandemic and DEMOCRAT-damaged economy, just to advance their Socialist Ideology and plans. Joe Biden killed more jobs in his 1st 10 days than the economy in January did.

President Trump's Achievements included:
The strongest economy in decades
The lowest unemployment rate in DECADES
The lowest Black unemployment rate in US history
The lowest Latino unemployment rate in US history
The lowest Asian unemployment rate in US history
The lowest Womens unemployment rate in US history
The lowest Young Adult unemployment rate in US history
More Jobs, greater opportunity to suceed
Higher pay, pay raises, and bonuses
The return of manufacturing jobs, a feat Obama declared was impossible
- He gave up on those jobs, said life without them ws 'the new norm'
1st President - to include Obama - to NOT drag the US into a new war
1st President to EARN 4 Nobel Peace Prize Nominations for doing the 'Impossible'
....and more.


Your ignorance ... and / or 'Orange Man Bad' obsession will not allow you to acknowledge fact / truth.

 

[rightwinger]

Yeah, that is what they said about a seven dollar an hour min wage.

The jobs always come back
The market adjusts

Automation Engineers disagree with you.

if they have to pay someone $15 an hour they will make them provide $15 worth of labor by augmenting them with automation.

We don't need low wage jobs in our first world economy anyway. Wages that are too low merely means that labor is getting subsidized by the public sector with social services simply for the bottom line of Capitalists.

Not true as HS kids need part time jobs to learn what working is like, etc. Flexibility helps too.

HS Kids need part time jobs to earn money for college. It is the way it has worked for generations.
With a minimum wage that has been frozen for 12 years, they have had to substitute debt for earning college money.

 

[easyt65]

CBO: Biden’s $15 Minimum Wage Would
Result in a Loss of 1.4 Million Jobs

Why Do This? Because the Democrats know what's best for you...and because they CAN.


CBO: Biden's $15 Minimum Wage Would Result in a Loss of 1.4 Million Jobs

Only in the short term. Unemployment compensation could be improved to better pick up the slack and automatically stabilize our economy. In the long run, higher paid labor creates more in demand and generates more in tax revenue.

Where do you think the money for unemployment comes from?

It should be coming from general taxes not direct taxes. Anyone receiving unemployment compensation can pay general taxes.

Unemployment compensation is primarily funded by businesses.

Who owns those businesses? American citizens....the owners whose business took a hit from the mandated $15 an hour wage increase, owners who try to suceed IN SPITE OF a government that takes, imposes, and destroys small businesses, as proven by the Democrats.

 

[AzogtheDefiler]

Yeah, that is what they said about a seven dollar an hour min wage.

The jobs always come back
The market adjusts

Automation Engineers disagree with you.

if they have to pay someone $15 an hour they will make them provide $15 worth of labor by augmenting them with automation.

We don't need low wage jobs in our first world economy anyway. Wages that are too low merely means that labor is getting subsidized by the public sector with social services simply for the bottom line of Capitalists.

Not true as HS kids need part time jobs to learn what working is like, etc. Flexibility helps too.

HS Kids need part time jobs to earn money for college. It is the way it has worked for generations.
With a minimum wage that has been frozen for 12 years, they have had to substitute debt for earning college money.

So allow the states to decide what min wage should be. Why is that so difficult. Wages in general have been stagnant for 12 years.

 

[Moonglow]

Gotta love a Trump economy.

TRUMP economy?

Democrats destroyed 50% of all minority-owned small businesses in the US, hamstringing the economy and sdestroying American lives, all to regain power. In his 1st 10 days in office Joe Biden sacrified tens of thousands of American jobs in the middle of a pandemic and DEMOCRAT-damaged economy, just to advance their Socialist Ideology and plans. Joe Biden killed more jobs in his 1st 10 days than the economy in January did.

President Trump's Achievements included:
The strongest economy in decades
The lowest unemployment rate in DECADES
The lowest Black unemployment rate in US history
The lowest Latino unemployment rate in US history
The lowest Asian unemployment rate in US history
The lowest Womens unemployment rate in US history
The lowest Young Adult unemployment rate in US history
More Jobs, greater opportunity to suceed
Higher pay, pay raises, and bonuses
The return of manufacturing jobs, a feat Obama declared was impossible
- He gave up on those jobs, said life without them ws 'the new norm'
1st President - to include Obama - to NOT drag the US into a new war
1st President to EARN 4 Nobel Peace Prize Nominations for doing the 'Impossible'
....and more.


Your ignorance ... and / or 'Orange Man Bad' obsession will not allow you to acknowledge fact / truth.

Got anymore excuses?

 

[Moonglow]

Yeah, that is what they said about a seven dollar an hour min wage.

The jobs always come back
The market adjusts

Automation Engineers disagree with you.

if they have to pay someone $15 an hour they will make them provide $15 worth of labor by augmenting them with automation.

We don't need low wage jobs in our first world economy anyway. Wages that are too low merely means that labor is getting subsidized by the public sector with social services simply for the bottom line of Capitalists.

Not true as HS kids need part time jobs to learn what working is like, etc. Flexibility helps too.

HS Kids need part time jobs to earn money for college. It is the way it has worked for generations.
With a minimum wage that has been frozen for 12 years, they have had to substitute debt for earning college money.

So allow the states to decide what min wage should be. Why is that so difficult. Wages in general have been stagnant for 12 years.

Maybe yours but not mine.

 

[AzogtheDefiler]

Yeah, that is what they said about a seven dollar an hour min wage.

The jobs always come back
The market adjusts

Automation Engineers disagree with you.

if they have to pay someone $15 an hour they will make them provide $15 worth of labor by augmenting them with automation.

We don't need low wage jobs in our first world economy anyway. Wages that are too low merely means that labor is getting subsidized by the public sector with social services simply for the bottom line of Capitalists.

Not true as HS kids need part time jobs to learn what working is like, etc. Flexibility helps too.

HS Kids need part time jobs to earn money for college. It is the way it has worked for generations.
With a minimum wage that has been frozen for 12 years, they have had to substitute debt for earning college money.

So allow the states to decide what min wage should be. Why is that so difficult. Wages in general have been stagnant for 12 years.

Maybe yours but not mine.

You're retired. I said in general. Learn to read. Troll.

 

[SC Patriot]

Yeah, that is what they said about a seven dollar an hour min wage.

The jobs always come back
The market adjusts

Automation Engineers disagree with you.

if they have to pay someone $15 an hour they will make them provide $15 worth of labor by augmenting them with automation.

We don't need low wage jobs in our first world economy anyway. Wages that are too low merely means that labor is getting subsidized by the public sector with social services simply for the bottom line of Capitalists.

Not true as HS kids need part time jobs to learn what working is like, etc. Flexibility helps too.

HS Kids need part time jobs to earn money for college. It is the way it has worked for generations.
With a minimum wage that has been frozen for 12 years, they have had to substitute debt for earning college money.

So a HS kid should earn 15 an hour to put a BIg Mac, order of fries and a medium coke in a bag 12 hours a week after school?

And in the meantime, some busboy who has a family of 4 working 50 hours a week should be compensated the exact same amount?

You sure about that?