Today, House and Senate Democrats introduced legislation to raise the federal minimum wage from $7.25 to $15 by 2025.
“This is like handing a drowning man an anvil,” says Alfredo Ortiz, President and CEO of the Job Creators Network (JCN). “Most small businesses cannot afford a federal $15 minimum wage, particularly coming out of this pandemic-induced recession. The non-partisan Congressional Budget Office estimates that a $15 minimum wage could eliminate up to 3.7 million jobs. When you consider that President Biden has already canceled the Keystone Pipeline and recommitted America to the Paris Accord, that could bring the total number of lost jobs under the Biden Administration to 10 million. If there were an award for the most jobs eliminated in the first week in office, President Biden would win it easily. President Biden and the Democrats in Congress are pushing a radical left-wing agenda that will kill jobs and small businesses. It’s time for a course correction before it’s too late.”
Last week, JCN released a backgrounder, “3 Days of Biden EO’s = Million of Jobs Lost.” To read and share the backgrounder, click here.
Last week, Breitbart published Mr. Ortiz’s op-ed on Biden’s minimum wage proposals. To read it, click here.