In Tuesday’s State of the Union, President Joe Biden doubled down on his support of several left-wing labor priorities that would empower union bosses at the expense of workers. If Biden is successful at imposing his agenda, American workers and small businesses already battling runaway inflation will pay the price.
Biden called for raising the minimum wage to $15 an hour, a disastrous move that would risk killing millions of jobs and thousands of small businesses attempting to dig out from the COVID-19 pandemic. While Democrats attempt to spin a $15 minimum wage as pro-worker, the data tells a different story.
According to the most recent analysis from the nonpartisan Congressional Budget Office, a $15 minimum wage would eliminate approximately 1 million jobs by 2023 and up to 3.3 million jobs by 2029. Another CBO estimate shows that a $15 minimum wage could kill up to 3.7 million American jobs.
A $15 minimum wage would especially harm Americans entering the workforce for the first time. A literature review from the National Bureau of Economic Research found that the weight of scientific evidence shows that a $15 minimum wage harms low-skilled employment. Another study showed that a $15 minimum wage would disproportionately affect women.
For people looking to start their careers, a first job is the first rung on the ladder to success. If workers lose that crucial shot because of a federally mandated $15 minimum wage, the loss of opportunities and earning potential will...
ANKARA — US President Donald Trump made a series of “false” and “uncorroborated” claims about the Iran conflict and his foreign policy record during a recent press conference, according to a fact ...