$10 Min. Wage Would Kill 500K Jobs


jobsThe Congressional Budget Office said Tuesday that President Obama’s proposed minimum wage hike would destroy some jobs but also take people out of poverty. Raising the federal minimum wage from $7.25 an hour to $10.10 by 2016 would move 900,000 people above the poverty line, raise overall real income for all by $2 billion, but potentially destroy 500,000 jobs.

The CBO stressed this is just a prediction. “As with any such estimates, however, the acutal losses could be smaller or larger.” Read more at CBO.gov.

{Andy Heller-Matzav.com Newscenter}


  1. There have been many studies that have shown raises in the minimum age do not cause higher employment. There are a lot of countries with higher minimum wages then US without problems.

    Also what was left out was that 900k would be taken out of poverty!

    Also it would save the gov. lots of money in benefits.

  2. Like all advocates of government intervention, the advocates of a higher minimum wage, or a “living wage”, believe that THEY know what is best for other individuals. They are willing to use government coercion to dictate how others may live their lives. Ironically, and sadly, while advocating a “living wage” they simultaneously seek to prohibit others from actually living.