Blog Posts  (Page32)

In 1998, the U.S. economy was booming: Unemployment was at 4.6 percent, and just under 14 percent of teenagers in the labor force were searching for work. But even in these robust economic times, then-President Bill Clinton’s economic team gave a thumbs down to a 40 percent minimum wage hike,…

When politicians don’t use facts to defend their position, there’s a good chance the facts don’t back them up. Exhibit A is a recent op-ed from New Jersey Senate President  Stephen Sweeney (D) in support of the state’s January 1st minimum wage hike. Sweeney claimed in the Times of Trenton that predictions about jobs being cut thanks…

In a recent report, the White House described an increase in the minimum wage as “especially important for women,” pointing out that just over half of the employees covered by the President’s $10.10 proposal are women. (Other minimum wage advocates have echoed a similar message.) It’s an attempt…

The White House this week is distributing an op-ed signed by President Obama that promises “millions” of Americans will be raised out of poverty if the minimum wage is increased to $10.10. Unfortunately, the President’s rhetoric doesn’t match up with the research from the nonpartisan Congressional Budget Office (CBO). Far…

It’s been a difficult couple of weeks for proponents of a higher minimum wage, as we’ve documented in earlier posts. Faced with a Congressional Budget Office (CBO) estimate projecting as many as one million lost jobs from a $10.10 minimum wage, even some Democrats are getting nervous. Now, in a desperate…

[trumka_timer] Recently, the AFL-CIO and its president Richard Trumka publicly challenged Heritage Foundation President Jim DeMint to a debate about raising the minimum wage. DeMint passed, offering up the Foundation’s labor policy specialist instead, but Trumka and his union said no deal and pushed out the message that “DeMint Won’t…

As part of his campaign to raise the minimum wage to $10.10, President Obama has assured Americans that there’s “no solid evidence” that a hike will cost jobs. Similarly, his chief economist told the press recently that “zero” was a reasonable estimate for the effect of a wage hike on…

After the nonpartisan Congressional Budget Office (CBO) released a report estimating that a $10.10 minimum wage would eliminate as many as one million jobs, the White House scrambled to discredit it. In a lengthy press statement, the administration argued that the CBO’s conclusions did not “reflect the current consensus view…

Just two weeks ago, the nonpartisan Congressional Budget Office released a report on President Obama’s $10.10 minimum wage proposal. Most of the press coverage rightly focused on the report’s estimate that 500,000 jobs would be lost if a $10.10 minimum wage became a reality. But the CBO also reported that…

Last week, the nonpartisan Congressional Budget Office (CBO) released a report estimating that 500,000 jobs would be destroyed if the minimum wage was raised to $10.10. Suddenly on defense, the White House turned to a list of 600 economists who support an increase in the minimum wage and disagree…