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CBO Report Slaps Obama In The Face Over Minimum Wage Hikes
by B. Christopher Agee, Western Journalism:
Leftists across the nation continue to lobby for an unsustainably high minimum wage, insisting their only concern is for workers struggling to make ends meet on the existing base hourly rate of $7.25. Despite the fact that an incredibly small percentage of minimum wage workers actually support a family on their income, Democrat leaders – specifically Barack Obama – have increasingly advocated a significant spike in the minimum wage.
During his latest state of the union address, Obama expressed a desire to force employers to pay their unskilled laborers at least $10.10 per hour.
Naturally, this added financial burden would result in widespread price increases for consumers, which would disproportionately affect the very low-income families the policy would ostensibly benefit. Furthermore, conservative commentators have long contended these unilateral pay increases would translate to mass layoffs among companies unable to absorb the financial blow.
