Democrats on defensive after Congress' budget analysts pin job losses to minimum wage increase

  • Article by: ALAN FRAM , Associated Press
  • Updated: February 19, 2014 - 3:22 AM

WASHINGTON — A report by Congress' nonpartisan budget analysts seems to have thrown Democrats onto the defensive after it concluded that the party's drive to boost the federal minimum wage could cost a half-million jobs by 2016.

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pjoconn1Feb. 19, 14 5:18 AM

Ahh, the master plan is right on schedule. Decrease the ability of people to take care of themselves and forcing them to rely on the government. When this happens people people vote and do what those in power want. For those of you who doubt this look at what you are and have been defending for nearly 6 years.

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pjoconn1Feb. 19, 14 6:47 AM

Ahh, the master plan is right on schedule. Decrease the ability of people to take care of themselves and forcing them to rely on the government. When this happens people people vote and do what those in power want. For those of you who doubt this look at what you are and have been defending for nearly 6 years.

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tnesleyFeb. 19, 14 7:20 AM

Those hit hardest by this are high school kids and college students. Those just entering the job market. Also, the college kids are getting pushed to start getting into Obamacare for a double whammy.

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localguyFeb. 19, 14 7:25 AM

"That figure was the midpoint of a range of job losses the budget office estimated at somewhere from negligible to 1 million eliminated positions". The CBO obviously has no idea how many jobs will be lost, if any. Raising the minimum wage would raise spending, which could actually INCREASE the number of jobs. There's saying in economics that, if you're going to make predictions, you should make them often. The most recent ones have the best chance of being correct.

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timetofaceitFeb. 19, 14 7:54 AM

localguy, Right. You just keep disregarding estimates which have turned to facts under Obama.

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theagonybhoFeb. 19, 14 8:10 AM

More Obama job killing bills.

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timetofaceitFeb. 19, 14 8:40 AM

Raising the minimun wage would increase the costs of goods and services so really, those working minimun wage jobs would get less for their money. It WOULD result in fewer jobs and less hours. This ain't rocket science but when you have a fool like Obama running the show, even basic economics like this are way over his head. Disregard the CBO estimates Obama apologists just like you did concerning Obama's cost promises for Obamacare. Disregard the CBO's estimates that Obamacare will cost a lot of jobs because Obama said that isn't so. Of course he also said you can keep your plan and your doctor and that you will save a ton of money. I'm sure Obama will try and blame others for the results from this as well. It's what he does.

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windigolakeFeb. 19, 14 8:41 AM

theagonybho: "More Obama job killing bills." Really? But for those who actually read and understood the CBO report on the Affordable Care Act, the ACA will increasing hiring for the unemployed while allowing those in "job lock" (as defined by the Heritage Foundation) to start new businesses, hire more people and still have affordable health care. That creates even more jobs, something that the GOP has been fighting against for over five years in their anti-Obama furor.

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blorangeFeb. 19, 14 9:19 AM

Overall wages would go up 40 billion dollars per year, job numbers aren't everything to an economy.

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firefight41Feb. 19, 14 9:40 AM

That figure was the midpoint of a range of job losses the budget office estimated at somewhere from negligible to 1 million eliminated positions". The CBO obviously has no idea how many jobs will be lost, if any. Raising the minimum wage would raise spending, which could actually INCREASE the number of jobs. ****************** The past two times the minimum wage was increased unemployment rose..... George Santayana said "Those who cannot remember the past are condemned to repeat it"

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