President Obama Finds Another Way to Kill the Economy December 5, 2013Posted by geoff in News.
Well, you’ve got your minimum wage increase that’s buried in Obamacare, you’ve got your protestors arguing for a minimum wage of $15/hr, and you’ve got your President, who believes that raising the minimum wage will create 140,000 jobs.
And then you’ve got reality, as delightfully graphed by Ironman at Political Calculations a couple of years ago:*
Create 140,000 jobs? I’m kind of doubting it.
*He includes California because it represents 1 out of 8 working teens, and because it illustrates that just looking at the federal minimum wage does not capture the effects of the minimum wage hikes among the individual states.