Posted on 01/23/2021 8:10:45 AM PST by Onthebrink
This below really struck me:
A $15 federal minimum wage translates into over $36,000 per year in wages and mandated taxes and benefits paid by employers. That means that any jobs that don’t produce at least $36,000 per year in goods and services will eventually be eliminated—either because businesses close their doors, outsource their labor, or automate low-skilled jobs.
That’s why even liberal economists and the nonpartisan Congressional Budget Office caution that a $15 federal minimum wage would lead to a survival-of-the-fittest labor market, reduce future incomes, and disproportionately harm African Americans and women.
(Excerpt) Read more at dailysignal.com ...
The illegals storming the borders will work for half that. At least until they get $20 an hour worth of welfare.
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