It's been said over and over again by experts that raising the minimal wage COSTS JOBS. This is simple to understand but it seems the liberals, the radical left and Democrats can't.
From the Congressional Budget Office to academia to independent think tanks, studies consistently show that minimum wage increases result in a loss of jobs. One study indicated that an increase to $12 per hour – less than what has been proposed in many areas – would cost us over 24,000 jobs. According to the U.S. Bureau of Labor Statistics, less than 3% of the hourly workforce earns the minimum wage.
Since such a small percentage is earning the minimum, why would so many jobs be lost? Those being paid the minimum wage are disproportionately young, often working only part-time, and are rarely breadwinners. For employers, these jobs are the easiest to eliminate, endangering extra income and opportunity for those currently earning the minimum wage.
While there are exceptions, those who do earn the minimum wage do NOT earn it for very long. It is usually a starter wage. Wages are rising across the board for the first time in decade, and unemployment is at record lows.
Dramatically changing what amounts to entry-level compensation endangers our economic vitality. A wide coalition of groups representing small businesses, chambers of commerce, the hospitality industry, manufacturers, and agribusinesses all weighed in on the issue, uniformly opposing the increase.
But, some how there are those who regard this issue as an emotional issue. How many times have you heard someone like Bernie Sanders say, "No one can live on the minimum wage.." Well, he's right if that person worked for that salary for a lifetime, but THEY DO NOT, BERNIE!!
The handwringing, sobbing politicians who insist on elevating the minimum wage do it only to glad hand
and dupe their lower wage constituents to get votes from those who do not realize how the raising of the minimum wage COSTS JOBS!!
If these politicians are not duping their public, then they are very much ignorant of the facts and should not be in a position to be voting on an issue they are ignorant of.
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