Nets Ignore CBO Report: $15/Hour Could Cost Almost 4 Million Jobs

longknife

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Sep 21, 2012
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That’s The Congressional Budget Office, not some Trump administration source.


The place where all those flaky Dims are supposed to get the FACTS they depend upon when coming up with legislation.


So, ignore them if they don’t agree with you.


In a 48-page report out Monday, the non-partisan Congressional Budget Office released their analysis of the Democratic “Raise the Wage Act” to increase the minimum wage to $15 per hour. One of the main takeaways from the report was that almost 4 million jobs (3.7 million) could be eliminated by 2025. Of course, since the liberal media have backed the so-called "Fight For 15" effort, none of the network evening newscasts (ABC’s World News Tonight, CBS Evening News, and NBC Nightly News) reported the CBO’s findings.

Robert’s news brief of the report also noted that millions of jobs could be at risk if the Democratic bill was enacted. “But it could also eliminate jobs for between 1.3 million and 3.7 million people. The Democrat-run House is expected to vote on the minimum wage increase later this month, but it is unlikely that the Republican-held Senate would take up the bill,” he added.

And those are the young people who need entry-level jobs to get ahead.


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@ Nets Ignore CBO Report: $15/Hour Could Cost Almost 4 Million Jobs
 
Depends on how fast you do it. The GOP should put forth a more reasonable number than "Minimum Wages are Unconstitutional!!!"" and take the wind out of the dems sails. Maybe a couple bucks over 6 years.
 

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