Drudge Retort: The Other Side of the News
Wednesday, July 10, 2019

But when the CBO was asked to study the potential effects of raising the federal minimum wage to $15 an hour, the apparently couldn't ignore what was right in front of their faces: It would kill jobs ... a lot of them

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The Republican Math in this article is particularly bad. Assumptions piled on assumptions. Assumptions that don't even match the ones the CBO uses.

And then there's the deliberate omissions, intended to deceive the poorly educated:

No mention of the increase in wages for the 17 million Americans that currently earn below $15/hr.
No mention of the 10 million Americans earning just over $15/hr that would also see a boost in their pay.
finance.yahoo.com

#1 | Posted by snoofy at 2019-07-10 01:46 PM | Reply

WOW!!! Let's go for it. It is a damn small price to pay.

#2 | Posted by Sniper at 2019-07-11 01:54 PM | Reply

Why can't the minimum wage be raised just a little? It'a about the same as it was in the 60s, adjusted for inflation. Productivity is up, profits are up...

Just a dollar raise would help so many, but Republicans would still treat it like it's some apocalypse. When exactly is 'trickle-down' going to finally start working?

#3 | Posted by Derek_Wildstar at 2019-07-11 06:49 PM | Reply

THE other side of the story....

"The policy -- embraced by nearly all the 2020 Democratic presidential candidates and Congressional Democratic leadership -- would boost wages for 17 million workers and lift 1.3 million people out of poverty, the report found. But it also estimated another 1.3 million workers would lose their jobs by 2025, when the hike would be fully phased in.

Rep. Bobby Scott (D-Va.), who introduced the bill the CBO analyzed. He told reporters on a call what the report "makes clear is that the benefits vastly outweigh any cost.""

www.washingtonpost.com

Of course, to math-challenged rwingers, 1.3 is more than 17.

#4 | Posted by Corky at 2019-07-12 01:08 AM | Reply

"But large businesses only employ about 38 percent of the private sector workforce while small businesses employ 53 percent of the workforce. In fact, over 99 percent of employing organizations are small businesses and more than 95 percent of these businesses have fewer than 10 employees.May 24, 2011"
Five Big Myths About American Small Businesses | HuffPost
m.huffpost.com

Not all businesses have deep pockets and many of those employers live off the profits after expenses [my own family was such]. That 'just a dollar raise' is more than that with the FICA/SS match from the employer[times the number of employees that would get it] and as stated, if someone working there was already working at 15 an hour it would mean that they would need a pay increase.

Personally, I do think that the Fed Govt should have a minimum wage as each state's economy is different and the states should be the ones setting it.

#5 | Posted by MSgt at 2019-07-12 12:23 PM | Reply

Yeah but how many people would no longer need a second job, making the loss of those 3.7 million jobs not as big of a deal as it sounds?

#6 | Posted by jpw at 2019-07-12 05:20 PM | Reply

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