Biden economics: Minimum wage hike worth billions, ‘really good for the economy’

The Washington Times ^ | Saturday, March 29, 2014

[gooblah]

Vice President Joseph R. Biden asked Americans Saturday to confront lawmakers who oppose raising the federal minimum wage.

“Ask your representatives who oppose raising the federal minimum wage—why do they oppose it?” Mr. Biden said in the White House weekly address. “There’s no reason in the world why an American working 40 hours a week has to live in poverty.”

President Obama is waging an election-year push with congressional Democrats to boost the federal minimum wage from $7.25 to $10.10 per hour. Many Republican lawmakers oppose the action, pointing to a study that the move would eliminate about 500,000 jobs nationwide.

Mr. Biden, who filled in this week while the president was traveling overseas, said there’s proof that raising the minimum wage is good for the economy.

Read more: http://www.washingtontimes.com/news/2014/mar/29/biden-economics-raising-minimum-wage-worth-billion/#ixzz2xTaUkdGL Follow us: @washtimes on Twitter

[ExCTCitizen]

Let’s see 10.10/hr times 40 hours (if you are full time) = 404 a week = 21,008 a year. You are going to buy a house, car oraanything.because the cost of living will be raised, too.

[bakeneko]

So what does Small Business tell a good employee who has been working for 3-4 years and has worked up to $10/hour? We’re not just talking about unions whose wage may be tied to minimum wage.

The hurt to everyone will be exponential in ways that Morons like Biden and his boss can never see, because they have never worked anywhere in their lives.