This is right up the retrumplican alley, but sense it’s a Biden initiative it’s no doubt bad…
Yea can’t wait to start a American business under Biden ! 15 an hour, regulations up the ass. I’ll have to hire a lawyer just to sell lemonade on the side walk lol
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Raising the federal minimum wage from $7.25 to $15 per hour is estimated to kill as many as 3.7 million jobs, according to a recent nonpartisan analysis by the Congressional Budget Office.
The CBO adds that the move would also reduce business income and raise prices as higher labor costs are absorbed by business owners and passed onto consumers.
The wage hike is also expected to reduce the United States’ output slightly through the reduction in employment and a corresponding decline in the nation’s stock of capital, such as buildings, machines, and technologies.
There’s a reason why every advancement for American workers has been a Democratic Party initiative…
Republicans only masquerade as the party for working Americans, and they WELL know it…
1Adjusted for inflation, the federal minimum wage peaked in 1968 at $8.68 (in 2016 dollars ).
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