Posted on 01/18/2021 8:15:56 AM PST by JV3MRC
CBS News has become a propaganda arm for President-elect Joe Biden administration’s leftist economic plans to prop up his image. It threw more than 1 million workers under the bus to make Biden look good.
The outlet published an opinion piece masquerading as news with the headline, “Biden minimum wage proposal could lift more than 1 million workers out of poverty.” CBS cited the “nonpartisan” Congressional Budget Office (CBO) to propagandize that “[h]iking the national minimum to $15 an hour by 2025 would lift 1.3 million workers above wages that put them below the poverty line.” CBS gushed in its lede paragraph that Biden’s plan “to more than double the federal minimum wage would provide an urgently [sic] pay hike to millions of low-income workers and help stem inequality in the U.S.” That’s a nice thought until you hit the major caveat CBS chose to bury way down in the ninth paragraph: “The CBO also estimated the move would cost 1.3 million American jobs.” That’s the exact same number Biden’s plan is supposed to help.
(Excerpt) Read more at newsbusters.org ...
What always pisses me off is that they KNOW it’ll be disastrous - otherwise, WHY WAIT until 2025?
just remember, what we call CBS News, is actually a part of their Entertainment Division
LOL!
CBS=See B.S.
The “poverty line” will just move. No one will be lifted anywhere.
Only idiots/dumblecrats/FUJoe voters will believe this crap.
SeeBS is all for it because they do not have to pay it...directly. They will just wonder why their Mcfilet o’ fish is suddenly $6.00
by 2025 the dollar will be so devalued by inflation that 15 $ hr, will not be living wage.
These people don’t actually want to solve or push any causes, they just want to manage the system so they can loot it.
Journalism is dead, Marxism is alive and thriving.
Fast food prices will increase 20-25%...Grocery stores will go to all self check-outs (even today, most groceries have 6-10 checkout lines, but only one or two checkout people.)
Fast food stores will incorporate automated ordering...
High school kids will have no places to work...
Ah yes. The New Economics”. Increasing the cost of something increases the demand for it. The Seattle restaurant workers may have another opinion. Now which company makes those automatic vending machines for MacDonalds?
New illegals will take jobs working for next to nothing with this new incentive for employers to NOT hire Americans... Real toxic incentive there Joe Clueless Biden and your assorted commie thugs - seems liberals are more concerned about 'looking like they care' than actually caring about American workers.
Determining the “Poverty Line” is a subjective task because it is different depending on the cost of living in a particular Geographic area.
How does making the Minimum Wage the same across all 50 States solve this? Well, it doesn’t.
Removing Market Forces from the rationale is a Political Decision that has nothing to do with Economics. Feel good Bribery to get the Vote of Morons is more like it.
Remember, $15 an Hour costs the Employer closer to $18 an Hour. I’ll bet a dollar to a donut that the fools who push this crapola would even understand that, nor would they care.
They should call this the “Make Automation Affordable” Act.
Uh, do they ever publish a news article that's not really an opinion piece?
Used to be that you could get real news of an earthquake or flood or something, but nowadays they always infuse even those stories with global warming opinions.
2 get laid off-—one gets a raise....
Socialism like PC burning.
people need jobs and all this will do is spurn more companies to use machines....
The robotics industry should love that
And $15 and hour will put a substantial number of the marginally employable workers out of work and on the dole.
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