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CBO Estimates Biden Plan To Raise Minimum Wage To $15 Could Kill Almost 4 Million Jobs

Hundreds of thousands of businesses across the country are teetering on the brink of destruction because of the lock downs associated with the coronavirus pandemic.

What does Joe Biden want to do? Make it harder for them to stay in business. The last thing these business owners need is an increase in the minimum wage.

The Congressional Budget Office says this would kill jobs. Millions of them.

The Washington Examiner reports:

Biden’s proposal to raise minimum wage to $15 could kill up to 3.7M jobs, CBO estimates

President-elect Joe Biden’s proposal to raise the minimum wage to $15 an hour could kill up to 3.7 million jobs, the Congressional Budget Office estimated.

The CBO said that some of the higher earnings from the $15 federal minimum wage […]

Read the full story from American Lookout


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