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

[Moonglow]

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.

I started paying help over fifteen an hour last year.

 

[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.

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

I still do work and I do it as self employed.

 

[sealybobo]

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

Yea and a gain of 30 million good jobs

 

[easyt65]

I started paying help over fifteen an hour last year.

Wanna cookie?

 

[Claudette]

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.

New jobs in green energy?? His green shit will bankrupt the country.

He's going back to Obama care which cost we tax payers up the ass. The only people who liked Obamacare were the ones the rest of us were paying for.

He won't be putting money in anyone's pocket. He will be taking it out with higher taxes.

On day one he kicked every American tax payer in the teeth. New Mexico went for Biden and he promptly kicked 11,000 into the unemployed line. Voters in New Mexico ain't happy but they voted for that jack ass.

We are in for four years of misery with the Biden/Harris shit show.

 

[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 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 day should be compensated the exact same amount?

You sure about that?

RW is financially illiterate. You may as well ask him to cure cancer. He doesn't have one iota of business acumen, understanding of free markets or supply/demand economics. The words "profit margin" to him seem like a foreign language.

 

[easyt65]

Yea and a gain of 30 million good jobs

Yea, those 11,000 oil workers are waiting for those Solar Panel / Green jobs Joe promised....any day now.

 

[JustAGuy1]

Kroger will shut two California stores to avoid offering workers "hazard pay"


Kroger is closing two stores in California rather than pay grocery workers an extra four dollars an hour for working at the nation's largest supermarket chain during the coronavirus pandemic. The company blamed a decision by local officials who recently approved a temporary wage increase for some supermarket employees.


Kroger said it will close the stores, a Ralphs and a Food 4 Less, in April because of the law, passed in January by the Long Beach city council. With a handful of cities across California weighing whether to mandate "hazard pay" for grocery workers, Kroger also warned that it could shut more stores.

Long Beach last month became the first city in California to approve a hazard pay ordinance, with the law requiring grocery stores with at least 300 workers nationwide and more than 15 employees within Long Beach to pay an extra $4 an hour for a 120-day period.

Kroger will shut two California stores to avoid offering workers "hazard pay"

Nation's largest supermarket chain faults "misguided action" by local officials for decision to close stores.

www.cbsnews.com

 

[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.

I still do work and I do it as self employed.

What business is this? Let's hear it.

 

[sealybobo]

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

Link?

You guys say this every time we raise the minimum wage.

And you say it’ll raise inflation. Well then the mw needs to go up and down with inflation

 

[SC Patriot]

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?

Stolen Valor

 

[night_son]

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

The Biden Administration serves Beijing, not the American People. Anything that weakens America, in any way or form, is what the current President and his handlers will do. This is already known.

 

[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.

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.

Some states are douchebags (Red States) when it comes to protecting workers

 

[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.

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?

Let’s look at that Big Mac
When introduced in 1969, the Big Mac cost 49 cents, the worker making it made $1.60 an hour. His wage would buy over three Big Macs.

Today, that Big Mac costs $3.99 and the worker earring $7.25 can’t even afford two.

Wages have not kept up

 

[Toddsterpatriot]

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?

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

Link?

Life of those apposed to min. wage hikes.

ESL?

 

[Toddsterpatriot]

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?

Let’s look at that Big Mac
When introduced in 1969, the Big Mac cost 49 cents, the worker making it made $1.60 an hour. His wage would buy over three Big Macs.

Today, that Big Mac costs $3.99 and the worker earring $7.25 can’t even afford two.

Wages have not kept up

McDonalds employees around here start at $12.

 

[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?

Let’s look at that Big Mac
When introduced in 1969, the Big Mac cost 49 cents, the worker making it made $1.60 an hour. His wage would buy over three Big Macs.

Today, that Big Mac costs $3.99 and the worker earring $7.25 can’t even afford two.

Wages have not kept up

Nice analysis.

You left out the dramatic increase in rent for the franchise as well as the dramatic increase in unemployment insurance for the employer, not to mention the dramatic tax match of the employer, the dramatic increase in liability insurance of the employer

A 16 year old kid does not need to buy 2 big macs an hour.

He needs to make money to go to Playland on the weekend with his girlfriend.

Pay attention, Troll

Regulations cost employers money.

An increase in the price of a Big Mac does not directly relate to profit of that big mac.

Know you shit before you regurgitate talking points.

 

[Toddsterpatriot]

and 900,000 lifted out of poverty.

How many kicked back into poverty, when their job is destroyed?

With better unemployment compensation, many people could go to school or learn new skills to get a modern job for a modern economy.

Or smoke weed all day......like you.

 

[rightwinger]

Kroger will shut two California stores to avoid offering workers "hazard pay"


Kroger is closing two stores in California rather than pay grocery workers an extra four dollars an hour for working at the nation's largest supermarket chain during the coronavirus pandemic. The company blamed a decision by local officials who recently approved a temporary wage increase for some supermarket employees.


Kroger said it will close the stores, a Ralphs and a Food 4 Less, in April because of the law, passed in January by the Long Beach city council. With a handful of cities across California weighing whether to mandate "hazard pay" for grocery workers, Kroger also warned that it could shut more stores.

Long Beach last month became the first city in California to approve a hazard pay ordinance, with the law requiring grocery stores with at least 300 workers nationwide and more than 15 employees within Long Beach to pay an extra $4 an hour for a 120-day period.

Kroger will shut two California stores to avoid offering workers "hazard pay"

Nation's largest supermarket chain faults "misguided action" by local officials for decision to close stores.

www.cbsnews.com

Kroger has benefitted from frozen wages for 12 years
The also benefitted from a 40 percent cut in corporate taxes

But they claim they will go bankrupt if they have to pay their workers to risk their lives

 

[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.

Some states are douchebags (Red States) when it comes to protecting workers

LOL - examples please.