Blog Posts  (Page35)

[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…

Rigorous economic research has long shown that raising the minimum wage results in job loss for the least-skilled employees. A recently released report from the non-partisan Congressional Budget Office (CBO) details that raising the minimum wage to $10.10 will reduce job opportunities for the least-skilled—the potential job losses range…

In his State of the Union address, President Obama will call for an increase in the federal minimum wage to $10.10—a nearly 40 percent jump over the current amount. The White House claims its plan won’t reduce jobs, but the vast majority of economic research on the subject –…

In this week’s State of the Union address, President Obama is expected to ask members of Congress to pass a nearly 40% increase in the federal minimum wage. A new Employment Policies Institute (EPI) analysis shows that the vast majority of the bill’s sponsors are legislating with a  “do as…

Senate Democrats are planning a vote in the first part of 2014 on a bill that would raise the federal minimum wage by nearly 40 percent from $7.25 an hour to $10.10 an hour. The New York Times and Associated Press  have reported that this push for higher mandated wages is part…

The labor union-backed Economic Policy Institute recently released an update of their earlier “analysis” on a $10.10 minimum wage. EcPI’s analysts have scaled their earlier claim of $32 billion in stimulus back by a cool $10 billion or so, but — in their view — a nearly 40 percent…