A new report issued by the non-partisan Congressional Budget Office suggests that around 500,000 jobs — perhaps as many as a million — could be destroyed between now and 2016 as a result of a mandated raise in the federal minimum wage from $7.25 to $10.10.
Forcing such as job-killing measure on small businesses, naturally, is the top weapon in the liberal class warfare strategy as this year’s campaign season begins to heat up. Obama asked for it in his State of the Union address in January, and has begun campaigning for it across America. Legislation has been proposed in Congress.
Members of the National Center’s Project 21 black leadership network are speaking out against this job-killing imposition on private employers, pointing out that the end result is likely to hurt Obama’s most loyal constituency — black Americans — the most.
Project 21 co-chairman Horace Cooper, a former official at the U.S. Department of Labor, said:
Despite President Obama’s assurances, the evidence is clear: minimum wage hikes kill jobs.
Now, the non-partisan Congressional Budget Office says this latest proposal will cost about a half-million jobs. The poor and minorities will undoubtedly be the hardest hit.
Mr. President, if you like your minimum wage plan, you can keep it.
Project 21 member Derryck Green added:
The Congressional Budget Office released another report exposing the adverse effects of the President’s job-destroying, economic agenda.
Last week, the CBO revealed that ObamaCare will also likely destroy the equivalent of 2.5 million jobs. This week, the CBO notes that potential minimum wage increases might destroy at least a half-million more jobs — obviously hurting the working poor in the process.
Is the Obama Administration planning to celebrate all these additional “free agents” who are no longer “job-locked” as a result of his policies?