Like Causes?

Install the App
Back to article
The DC: 💵 Raising the minimum wage to $15 an hour, and... Do you want increased transparency for 'dark money'?
by Causes
0 actions taken this week
  • SneakyPete

    THE DEMOCRATIC “$15 AN HOUR” IS A POLITICAL SHAM $15 AN HOUR WAGES WILL COST THE NATION JOBS I’m in full agreement with the Critics who argue that raising the federal minimum wage from $7.25 an hour to $15 an hour is too drastic, and would end up hurting low-wage workers as their employers deal with the increased labor cost by cutting hours or eliminating positions altogether by turning to automation. Additionally going from a $7.25 an hour federal minimum wage to a $15 an hour minimum wage is, at best, a foolish policy proposal. At worst, it’s an intentionally dishonest political stunt that promises bigger paychecks to hardworking Americans when in reality it would result in significant job losses for millions of hourly workers around the country.” Multiple prominent economists, whom I agree with, have expressed opposition to the $15 federal minimum wage. * Alan Krueger, former chair of President Obama’s Council of Economic Advisors, called a $15 minimum wage “a risk not worth taking.” * While Clinton administration economist said it would be “extremely risky” for younger, less-educated workers who’d gain experience in minimum wage jobs. A February 2019 survey of 197 U.S. economists from across the political spectrum commissioned by the Employment Policies Institute had the following findings about a $15 an hour minimum wage: * 84% believe it’d have negative effects on youth employment levels and 77% believe it’d have a negative effect on the number of jobs available. * 88% believe the federal minimum wage should be less than $15 and 74% oppose raising it to $15. * 66% believe the federal minimum wage should be $10 an hour or less, and 39% believe it should remain at $7.25 or be lowered. * Only 6% believe a $15 minimum wage would be a “very efficient way to address the income needs of poor families” ― far less than the 64% who believe the Earned Income Tax Credit (EITC) is very efficient and the 24% who think general welfare programs (like food stamps) are very efficient. DAMM IT Democratic “Hood Winkers” Get Off Your B$ing High Horses. SneakyPete.......... 3*7*19..........

    Like (20)