New Poll: Decisive Majority Say $15 Minimum Wage Means ‘fewer Jobs’; Cbo Puts Figure At Up To 2.7 Million, Job Creators Network Reacts
According to a new Just the News Poll with Scott Rasmussen released today, U.S. voters believe by a decisive majority – 51%-29% – that doubling the federal minimum wage to $15 an hour will “lead to fewer jobs being created.” Additionally, today, the non-partisan Congressional Budget Office released a report predicting that a $15 minimum wage would eliminate up to 2.7 million jobs.
“This is extremely important news, and I hope President Biden and the Democrats in Congress are paying attention,” said Alfredo Ortiz, President and CEO of the Job Creators Network (JCN). “Small businesses are already suffering from government-imposed lockdowns. The January jobs report was dismal – 49,000 jobs created in the whole month, after significant losses in December. A $15 federal minimum wage will be a job killer – as the CBO points out – up to 2.7 million jobs, to be exact. The American people understand that – a decisive majority say it will lead to ‘fewer jobs created,’ according to a Just the News Poll with Scott Rasmussen. A better approach is to expand the earned income tax credit (EITC), which supplements low-income wages through the tax code, rewarding work without punishing small businesses. Everyone agrees we should be doing more to way help low-income workers. The question is how we do it. The EITC is the solution. A $15 minimum wage would be catastrophic.”
Last week, The Hill published Mr. Ortiz’s op-ed, Earned income tax credit is unifying alternative to hiking minimum wage. To read it, click here.
On January 22, JCN released a backgrounder, “3 Days of Biden EO’s = Million of Jobs Lost.” To read and share the backgrounder, click here.