Stephanie
Diamond Member
- Jul 11, 2004
- 70,230
- 10,864
- 2,040
well well, so this is WHY they want the minimum wage raised...how sick is this administration? they are intentionally hurting you in this country
SNIP:'
Eric Cantor fact checks, finds hike will not help those losing hours
Follow [MENTION=37655]Free[/MENTION]Beacon
BY: Washington Free Beacon Staff
March 7, 2014 2:14 pm
President Obama told a union organizer who had his hours cut thanks to Obamacare that his proposed minimum wage hike would make up for his lost wages.
However, Majority Leader Eric Cantor (R., Va.) crunched the numbers and found that the steep minimum wage hike would not help out those faced with losing full-time job status. Cantor’s office found that a current minimum wage employee working 40 hours per week would make only $2.50 less than a worker earning $10.10 per hour and working 29 hours per week. That, according to the Virginia Republican’s blog post, is the best-case scenario.
•Because of Obamacare’s regulations, an hourly worker’s hours can be reduced by as much as 25 percent to get below the 30 hour threshold.
•In 2013, President Obama proposed a $9/hour minimum wage ($261/week @ 29 hours).Coincidentally this year, he upped his proposal to an amount that just replaces the money robbed from hourly worker’s paychecks by Obamacare.
•Yet, 21 states already have a minimum wage higher than $7.25. An hourly worker in Washington may be celebrating the Seahawks win, but he isn’t celebrating Obamacare gutting his pay by $102.52/week.
ALL of it here
Flashback: Obama Tells Union Organizer Min. Wage Hike Would Make Up for Obamacare Lost Wages | Washington Free Beacon
SNIP:'
Eric Cantor fact checks, finds hike will not help those losing hours
Follow [MENTION=37655]Free[/MENTION]Beacon
BY: Washington Free Beacon Staff
March 7, 2014 2:14 pm
President Obama told a union organizer who had his hours cut thanks to Obamacare that his proposed minimum wage hike would make up for his lost wages.
However, Majority Leader Eric Cantor (R., Va.) crunched the numbers and found that the steep minimum wage hike would not help out those faced with losing full-time job status. Cantor’s office found that a current minimum wage employee working 40 hours per week would make only $2.50 less than a worker earning $10.10 per hour and working 29 hours per week. That, according to the Virginia Republican’s blog post, is the best-case scenario.
•Because of Obamacare’s regulations, an hourly worker’s hours can be reduced by as much as 25 percent to get below the 30 hour threshold.
•In 2013, President Obama proposed a $9/hour minimum wage ($261/week @ 29 hours).Coincidentally this year, he upped his proposal to an amount that just replaces the money robbed from hourly worker’s paychecks by Obamacare.
•Yet, 21 states already have a minimum wage higher than $7.25. An hourly worker in Washington may be celebrating the Seahawks win, but he isn’t celebrating Obamacare gutting his pay by $102.52/week.
ALL of it here
Flashback: Obama Tells Union Organizer Min. Wage Hike Would Make Up for Obamacare Lost Wages | Washington Free Beacon
