The Problem with Giving America a Raise

In his State of the Union Address, President Obama told Congress to "give America a raise.” But as the job forecasts are revealing, he might as well have told them to "kill some American jobs.”

Why? Heritage experts forecasted months ago that a proposed minimum wage hike would kill the very jobs it’s supposed to support. But when the Congressional Budget Office (CBO) said the same thing this week, it forced the White House and congressional liberals to defend their calls for the increase.


The CBO estimated that the wage hike Obama and his allies champion would cost 500,000 jobs.


The White House looks like it’s in denial. Jason Furman, chairman of the White House’s Council of Economic Advisers, countered the CBO report by claiming: "Zero is a perfectly reasonable estimate of the impact of the minimum wage on employment.”

Furman might not like the way the minimum wage affects hiring, but that doesn’t make it any less true.

-Amy Payne -


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