{"id":83026,"date":"2021-01-20T01:57:16","date_gmt":"2021-01-20T06:57:16","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=83026"},"modified":"2021-01-20T09:14:17","modified_gmt":"2021-01-20T14:14:17","slug":"cbo-estimates-biden-plan-to-raise-minimum-wage-to-15-could-kill-almost-4-million-jobs","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cbo-estimates-biden-plan-to-raise-minimum-wage-to-15-could-kill-almost-4-million-jobs\/","title":{"rendered":"CBO Estimates Biden Plan To Raise Minimum Wage To $15 Could Kill Almost 4 Million Jobs"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">32<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcbo-estimates-biden-plan-to-raise-minimum-wage-to-15-could-kill-almost-4-million-jobs%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=83026&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>&nbsp;<\/p>\n<p>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.<\/p>\n<p>What does Joe Biden want to do? Make it harder for them to stay in business. That last thing these business owners need is an increase in the minimum wage.<\/p>\n<p>The Congressional Budget Office confirms this would kill jobs. Millions of them.<\/p>\n<p>The Washington Examiner <a href=\"https:\/\/www.washingtonexaminer.com\/news\/joe-biden-minimum-wage-cbo\" target=\"_blank\" rel=\"noopener noreferrer\">reports:<\/a><\/p>\n<blockquote><p><em><strong>Biden\u2019s proposal to raise minimum wage to $15 could kill up to 3.7M jobs, CBO estimates<\/strong><\/em><\/p>\n<p><em>President-elect Joe Biden\u2019s proposal to raise the minimum wage to $15 an hour could kill up to 3.7 million jobs, the Congressional Budget Office estimated.<\/em><\/p>\n<p><em>The CBO said that some of the higher earnings from the $15 federal minimum wage could be offset by higher rates of joblessness.<\/em><\/p>\n<p><em>The report found that 1.3 million workers who would typically be employed would be without jobs in an average week in 2025. A new federal minimum wage would also increase the pay of 17 million workers in an average week in 2025.<\/em><\/p>\n<p><em>The increase in earnings would mostly affect low-income families, while a loss of business would affect higher-income families.<\/em><\/p>\n<p><em>Families below the poverty line would receive an additional $8 billion in real income in 2025, while families above the poverty line would lose $16 billion in real income.<\/em><\/p><\/blockquote>\n<p><strong>How many times do we have to explain to Democrats what a $15 an hour minimum wage really looks like?<\/strong><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">To everyone that wants the minimum wage to go up to $15 a hour this is what it will look like <img decoding=\"async\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/13.0.1\/72x72\/1f606.png\" alt=\"\ud83d\ude06\" \/> <a href=\"https:\/\/t.co\/lGJnYZ0Fm7\">pic.twitter.com\/lGJnYZ0Fm7<\/a><\/p>\n<p>\u2014 WestCoastGoodz <img decoding=\"async\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/13.0.1\/72x72\/1f410.png\" alt=\"\ud83d\udc10\" \/> (@WestCoast_Goodz) <a href=\"https:\/\/twitter.com\/WestCoast_Goodz\/status\/1350907160025128960\">January 17, 2021<\/a><\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">What a $15 minimum wage actually looks like: <a href=\"https:\/\/t.co\/R3NFE01PHm\">pic.twitter.com\/R3NFE01PHm<\/a><\/p>\n<p>\u2014 JT Lewis (@thejtlewis) <a href=\"https:\/\/twitter.com\/thejtlewis\/status\/1351556087770583048\">January 19, 2021<\/a><\/p><\/blockquote>\n<p><strong>Democrats think they\u2019re helping people by raising the minimum wage.<\/strong><\/p>\n<p><strong>It actually results in less jobs, especially at the entry level. <\/strong><\/p>\n<p>Cross posted from <a href=\"https:\/\/americanlookout.com\/cbo-estimates-biden-plan-to-raise-minimum-wage-to-15-could-kill-almost-4-million-jobs\/\" target=\"_blank\" rel=\"noopener\">American Lookout<\/a>.<\/p>\n<p>The post <a href=\"https:\/\/www.thegatewaypundit.com\/2021\/01\/cbo-estimates-biden-plan-raise-minimum-wage-15-kill-almost-4-million-jobs\/\" rel=\"nofollow\">CBO Estimates Biden Plan To Raise Minimum Wage To $15 Could Kill Almost 4 Million Jobs<\/a> appeared first on <a href=\"https:\/\/www.thegatewaypundit.com\" rel=\"nofollow\">The Gateway Pundit<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2180709,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/s.w.org\/images\/core\/emoji\/13.0.1\/72x72\/1f606.png","fifu_image_alt":"CBO Estimates Biden Plan To Raise Minimum Wage To $15 Could Kill Almost 4 Million Jobs","footnotes":""},"categories":[],"tags":[],"class_list":["post-83026","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/s.w.org\/images\/core\/emoji\/13.0.1\/72x72\/1f606.png","fifu_image_alt":"CBO Estimates Biden Plan To Raise Minimum Wage To $15 Could Kill Almost 4 Million Jobs","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/83026","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=83026"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/83026\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2180709"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=83026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=83026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=83026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}