Left-wing policy always ends the same...more failure, more poverty, more misery.
Just in time for next week’s likely House vote on a federal $15 minimum wage, the nonpartisan Congressional Budget Office has come out with a caustic report on the consequences of the policy.
The report confirms what even liberal economists caution: A $15 minimum wage would “risk undesirable and unintended consequences” and lead to a survival-of-the-fittest labor market, where only the highest-skilled workers come out on top.
We’ve already seen it in Washington and California. The minimum wage workers have lost their jobs. Those that haven’t, had their hours cut and are now bringing home
less than before the “increase”.
Here Are 6 Ways a New Report Devastates the $15 Minimum Wage