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Started By
Message
CBO releases new $15 min wage analysis: adds 58 billion to deficit, costs 1.4 million jobs
Posted on 2/8/21 at 10:57 am
Posted on 2/8/21 at 10:57 am
quote:
Jordan Weissmann
@JHWeissmann
CBO just released its new $15 min wage analysis—adds $58B to the deficit, kills 1.4M jobs. Have to look at how they reach these numbers, but it's a bad blow for the Raise the Wage Act. Progressive economists likely screaming into their laptops right now.
LINK
No way senate parliamentarian will allow it in the reconciliation bill.
Bernie Sanders said the CBO was going to show huge *savings* from the min wage. His hopes have been dashed
37
Posted on 2/8/21 at 10:58 am to HailHailtoMichigan!
quote:
CBO releases new $15 min wage analysis: adds 58 billion to deficit, costs 1.4 million jobs
I'll take "No shite" for all of it Alex
Posted on 2/8/21 at 11:00 am to HailHailtoMichigan!
Those jobs lost are low end jobs that are filled by lower class citizens. Basically, spiking the min wage only does the opposite of what they want it to do.
Posted on 2/8/21 at 11:00 am to HailHailtoMichigan!
It doesn’t take a phd in economics to know that a 50% raise for all minimum wage workers (with the same work output) means big problems.
Posted on 2/8/21 at 11:00 am to HailHailtoMichigan!
I think that job number is WAY WAY WAY LOW.
Posted on 2/8/21 at 11:01 am to HailHailtoMichigan!
quote:
adds $58B to the deficit, kills 1.4M jobs.
Sounds just like what liberals want.
Nobody working, everyone living on fiat currency handouts.
Posted on 2/8/21 at 11:01 am to HailHailtoMichigan!
quote:
$58B to the deficit, kills 1.4M jobs
So, based on past CBO history it will be double or triple these numbers...
Posted on 2/8/21 at 11:01 am to HailHailtoMichigan!
Wow even the CBO couldn't juice the forecasting 
Posted on 2/8/21 at 11:03 am to HailHailtoMichigan!
FYI: The CBO's number are NEVER correct. If they are this bad now, that means they'll be even worse if implemented.
Posted on 2/8/21 at 11:03 am to Wtodd
quote:
I'll take "No shite" for all of it Alex
Only the insanely ignorant couldn't see this
Posted on 2/8/21 at 11:04 am to The Maj
quote:
So, based on past CBO history it will be double or triple these numbers...
Think about what that means as it pertains to entitlement deficits and interest expenses
Posted on 2/8/21 at 11:04 am to HailHailtoMichigan!
eliminating racism is very expensive as is global warming
"not a second to waste"
"not a second to waste"
Posted on 2/8/21 at 11:04 am to HailHailtoMichigan!
The dims don't care, because that adds 1.4 million people to their government dole they want everyone on.
Posted on 2/8/21 at 11:04 am to HailHailtoMichigan!
If the CBO is saying that it likely is far worse. They are complete hacks
Posted on 2/8/21 at 11:05 am to oliveandblue
quote:
Those jobs lost are low end jobs that are filled by lower class citizens. Basically, spiking the min wage only does the opposite of what they want it to do.
They should learn to code so they can program the robots that will be taking their jobs.
Posted on 2/8/21 at 11:06 am to wutangfinancial
quote:
Think about what that means as it pertains to entitlement deficits and interest expenses
I really want a lefty to get in here and defend this based on the CBO report...
Posted on 2/8/21 at 11:09 am to HailHailtoMichigan!
quote:
Bernie Sanders said
Whatever he said, the exact opposite should be reasonably assumed.
Posted on 2/8/21 at 11:10 am to Aubie Spr96
quote:
The CBO's number are NEVER correct.
That's because they're required by law to use the numbers the dims give them, not what actually might happen. It's a total scam.
This post was edited on 2/8/21 at 11:11 am
Posted on 2/8/21 at 11:10 am to BiteMe2020
quote:
Sounds just like what liberals want.
Nobody working, everyone living on fiat currency handouts.
People really need to realize this. We’re speaking different languages. Half of the country sees damage to the economy as a good thing. Government welfare programs are better than a strong workforce because the workforce has been deemed racist, classist, and all the other -ists.
Posted on 2/8/21 at 11:10 am to Shorter Yards
quote:
I'll take "No shite" for all of it Alex
quote:
Only the insanely ignorant couldn't see this
Exactly
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