CBO: Minimum Wage Hike will Cost up to 500K Jobs

[Hoosier4Liberty]

CBO: Wage hike to cost 500K jobs | TheHill

Instead of focusing on creating jobs, President Obama is focusing on creating unemployment. Isn't it time we stopped looking for ways to kill jobs and make things harder on business owners, and instead focus on cutting taxes and creating jobs?

 

[protectionist]

CBO: Wage hike to cost 500K jobs | TheHill

Instead of focusing on creating jobs, President Obama is focusing on creating unemployment. Isn't it time we stopped looking for ways to kill jobs and make things harder on business owners, and instead focus on cutting taxes and creating jobs?

I don't see how increasing MW can cause ANY unemployment. The # of jobs a company has is determined by that # which creates the most sales (and income). Therefore, reducing that # has to reduce sales (and income). No can do.

Secondly, the MW hike creates hikes in higher wages too, causing a huge increase in DISPOSABLE INCOME, and thereby increase in sales/income (which is what every business owner wants)

Third, Cutting taxes has been shown to do nothing for the economy. Increasing them however (on the rich) can create govt jobs, thereby increasing sales and boosting the economy. If these jobs happen to be in border security and immigration law enforcement (hiring ICE agents, CBP officers, build Mexican border fence, create immigratin courts & jails, etc), this can result in Americans filling the jobs of deported illegal aliens, and spending their paychecks in American stores (AKA the economy), instead of wiring the $$$ out of the country, and illegal aliens do. ($25 Billion/year to Mexico alone)

 

[Indeependent]

So says TheHill, so it shall not happen.

 

[francoHFW]

The CBO SUCKS AT PREDICTIONS AND SAYS SO- IN THIS CASE ''COULD BE A million, OR FOR THAT MATTER MAYBE ZERO'' LOL...They're fantastic for the take out of context, couldn't give a gd about truth GOP...hater dupes lol.