Democratic $15 minimum wage proposal would reduce employment by 1.4 million: CBO

The Biden administration's proposal to increase the minimum wage to $15 would contribute to a net loss of 1.4 million workers by 2025, according to a report from the Congressional Budget Office.

Per Washington Examiner:

The Biden administration's proposal to increase the minimum wage to $15 would contribute to a net loss of 1.4 million workers by 2025, according to a report from the Congressional Budget Office.

The incremental wage hike would also contribute an additional $54 billion to the federal deficit because of anticipated increases in the costs of goods and services and increased spending on unemployment insurance.

The proposed change would affect roughly 17 million workers in the average week of 2025 who earn the minimum wage — in addition to another 10 million workers who already earn near $15 an hour.

The federal minimum wage was last raised in 2009, when it increased from $6.55 to the current $7.25, according to the Department of Labor.

3 months, 2 weeks ago

Governors in Iowa, North Dakota and Alabama join GOP colleagues in banning TikTok for state employees

The Republican governors of three more states have joined the growing number of GOP governors who are banning TikTok among state government employees amid security concerns about the Chinese-owned social media platform

3 months, 2 weeks ago

Arizona Governor Creates Shipping Container Border Wall

Arizona Governor Doug Ducey has had hundreds of double-stacked shipping containers topped with razor wire placed on the state’s border with Mexico

3 months, 3 weeks ago

Stacey Abrams’s Georgia Nonprofit Could Face Criminal Investigations for Unlicensed Fundraising

New Georgia Project's charity license has lapsed in at least nine states

3 months, 3 weeks ago

Biden says ‘more important things’ than border visit, despite 59 trips to Delaware, 8 stops for ice cream

Biden has yet to visit southern border despite historic crisis under his watch

3 months, 3 weeks ago

Governor Kristi Noem delivers annual Budget Address, says the state can afford grocery tax cut

In about thirty minutes of remarks, Governor Kristi Noem laid out her administration would like to see nearly $2.2 billion spent over the course of the next fiscal year and a half.

3 months, 3 weeks ago

‘A Clear And Present Danger To Its Users:’ South Carolina Gov. Bans State Employees From Using TikTok Amid National Security Concerns

South Carolina became the second state in the union Monday to permanently ban state employees’ electronic devices from using TikTok amid federal officials sounding the alarm that the Chinese-based social media app threatens national security