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The Democrats’ Minimum Wage Proposal Could Eliminate Up To A Million Jobs

What About The Eliminated Jobs?

The Democrats’ Minimum Wage Proposal Could Eliminate Up To A Million Jobs

 

Survey: Most Americans Call Job Losses ‘Unacceptable’ Tradeoff

 

CBO STUDY: “Once fully implemented in the second half of 2016, the $10.10 option would reduce total employmentby about 500,000 workers…”(CBO, February 2014)

 

 

BLOOMBERG POLL: “Raising minimum wage to $10.10 would… eliminate 500,000 jobs. Is that an acceptable tradeoff? Unacceptable: 57% Acceptable: 34%” (Bloomberg Poll, 3/11/14)

 

EMPLOYMENT SURVEY: “Thirty-eight percent of America’s private employers say they will lay off workers if Congress agrees to raise the minimum wage to $10.10, according to a new survey by the nation’s largest privately held staffing firm.” (Express Employment Professionals, Press Release, 3/19/14)

 

 

‘May Be The Difference Between A Job And Unemployment’

 

JANET YELLEN, Fed Chairwoman: “…There would be some amount of negative impact on employment as a consequence… CBO is as qualified as anyone to evaluate that literature, and I wouldn’t argue with their assessment.” (Janet Yellen, Committee Hearing, 2/27/14)

 

 

PAUL KRUGMAN, Nobel Laureate In Economics: “So what are the effects of increasing minimum wages? Any Econ 101 student can tell you the answer: The higher wage reduces the quantity of labor demanded, and hence leads to unemployment.” (Paul Krugman, Washington Monthly, 9/1/1998)

 

HUNDREDS OF ECONOMISTS: “One of the serious consequences of raising the minimum wage is that business owners saddled with a higher cost of labor will need to cut costs, or pass the increase to their consumers in order to make ends meet.” (Economists, “A Statement To Federal Policy Makers, 2014)

 

19 JOBS GROUPS: “For many businesses, this 39 percent increase could truly be the difference between continuing to operate and going out of business. For the employees it attempts to help, it may be the difference between a job and unemployment.” (Letter To U.S. Senators, 3/31/14)

About Tom White

Tom is a US Navy Veteran, owns an Insurance Agency and is currently an IT Manager for a Virginia Distributor. He has been published in American Thinker, currently writes for the Richmond Examiner as well as Virginia Right! Blog.Tom lives in Hanover County, Va and is involved in politics at every level and is a Recovering Republican who has finally had enough of the War on Conservatives in progress with the Leadership of the GOP on a National Level.

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Tom White Says:

Nothing is more conservative than a republican wanting to get their majority back. And nothing is more liberal than a republican WITH a majority.

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