CBO: Obama minimum wage hike would cost 500,000 jobs by 2016 | The Daily Caller: President Obama’s proposed minimum wage hike to $10.10 per hour will cost 500,000 jobs, the Congressional Budget office found Tuesday.
The increase, which Obama touted in this year’s State of the Union address, would gradually up the minimum requirement from the current rate of $7.25 rate to $10.10 and could cause up to 1 million workers to lose their jobs, the CBO reported.
See original work for more on this and other stories.
No comments:
Post a Comment
Spamming will be removed.
Due to spamming. Comments need to be moderated. Your post will appear after moderated regardless of your views as long as they are not abusive in nature. Consistent abusive posters will not be viewed but deleted.
Note: Only a member of this blog may post a comment.