Why does the left want to hold Americans back?
Jobs! Jobs! Jobs!
https://thehill.com/opinion/finance...ge-will-hold-workers-back-in-the-labor-market
The government has found that a federal minimum wage hike to $15 over four years would result in more than one million unemployed workers by 2025, but it would lift 900,000 people out of poverty. The Washington Post noted the “good news” in this tradeoff as “the increase in pay for workers would more than double the amount subtracted by the workers who lose their jobs.”
This may be sufficient to induce President Biden and the Democrats in Congress to drop this standard gift to the unions but that is unlikely. The firmly liberal ideology of what was supposed to be a centrist administration is showing. There is a better way to improve the conditions of those living in poverty.
It is called jobs. The left might object that the jobs are not plentiful, but it is obvious that a higher minimum wage will not create any more of them; if anything, it will make them scarcer. If the Biden administration were serious about reducing unemployment, it would drop the minimum wage plan entirely, allowing many unskilled workers to find employment this year and to gain job skills in years to come.
Jobs! Jobs! Jobs!
https://thehill.com/opinion/finance...ge-will-hold-workers-back-in-the-labor-market
The government has found that a federal minimum wage hike to $15 over four years would result in more than one million unemployed workers by 2025, but it would lift 900,000 people out of poverty. The Washington Post noted the “good news” in this tradeoff as “the increase in pay for workers would more than double the amount subtracted by the workers who lose their jobs.”
This may be sufficient to induce President Biden and the Democrats in Congress to drop this standard gift to the unions but that is unlikely. The firmly liberal ideology of what was supposed to be a centrist administration is showing. There is a better way to improve the conditions of those living in poverty.
It is called jobs. The left might object that the jobs are not plentiful, but it is obvious that a higher minimum wage will not create any more of them; if anything, it will make them scarcer. If the Biden administration were serious about reducing unemployment, it would drop the minimum wage plan entirely, allowing many unskilled workers to find employment this year and to gain job skills in years to come.
