Raising the minimum wage is bad policy: Douglas Holtz-Eakin

[NewsFeeder]

Raising the minimum wage is bad policy: Douglas Holtz-Eakin



http://us.rd.yahoo.com/finance/news...ad-policy--douglas-holtz-eakin-140225048.html

 

[clester]

Raising the minimum wage is bad policy: Douglas Holtz-Eakin



Raising the minimum wage is bad policy: Douglas Holtz-Eakin | Daily Ticker - Yahoo Finance

Bologna!

 

[Frixxxx]

Bologna!

Is your retort to the article or the CBO report?

P.S. This is a newsfeeder post.

 

[clester]

What this report don't consider is that all that extra income would be spent. These folks can't save it like the rich. All that money goes into the economy increasing demand. That causes businesses to make more money and hire more people because business is better. Also, a lot of these folks are on government aid because of the low income. Even working 40 hr/week they are still in poverty. They aren't all high school kids either!

It would reduce the deficit by getting those folks off the programs. It is fair to all businesses because they all have to comply. I think the job losses would be minimal at first and then increase. Businesses don't like increasing costs but they should look at the long term where they will make more money because there will be more money in the system and demand for their products will go up!

 

[nnuut]

Oh My MY!