Destroying from within.
check it out:
President Obama’s proposed minimum wage hike to $10.10 per hour will cost 500,000 jobs, the Congressional Budget office found Tuesday.
The increase, which Obama touted in this year’s State of the Union address, would gradually up the minimum requirement from the current rate of $7.25 rate to $10.10 and could cause up to 1 million workers to lose their jobs, the CBO reported.
“This is a very weak anti-poverty tool and it’s hurting the kinds of people it’s supposed to help,” former CBO director Doug Holtz-Eakin told The Daily Caller News Foundation. “People that have low skills and are trying to find employment — if you raise the minimum wage, it prices them out of the market. That’s all the CBO’s reflecting.”