More Lies Leveled Against Raising the Minimum Wage — This Time by the Federal Govt. Itself?

[xchrom]

http://www.alternet.org/news-amp-politics/more-lies-leveled-against-raising-minimum-wage-time-congressional-budget-office



In the midst of a crucial political debate that plainly favored proponents of a higher minimum wage, the Congressional Budget Office dropped a bombshell headline this week. Increasing the minimum to $10.10 an hour — as demanded by President Barack Obama and Democrats on Capitol Hill — would "cost 500,000 jobs." At a moment when employment still lags badly, this assertion was potentially devastating.

Almost lost in much of the predictable media coverage was the CBO report's estimate that a minimum-wage increase would lift at least 900,000 workers and their families out of poverty — and boost incomes for at least 15 million more.

But as top economists have repeatedly pointed out, such damning employment numbers are fuzzy and unreliable, while the CBO poverty numbers probably underestimated the positive impact of a higher minimum.

Moreover, those 500,000-jobs-lost headlines were highly misleading, with the strong implication that more than half a million actual people would be laid off — which is wrong. In fact, the CBO number is meant to estimate the number of jobs employers might not fill when workers leave, or the number of jobs employers might not create as quickly if they must pay a higher wage. It doesn't mean that people will lose their current jobs, but that those people seeking low-wage jobs may have to look slightly longer to find them.

[RAM49]

1. TAKE BACK the $ 7,000,000,000 in CEO TAX-FREE BONUSES...

that we gave them last year, and create 350,000 jobs at $10hr

10hr x 40wks = $400wk x 50wks =$20,000 yr

$20,000yr x 350,000 = $7,000,000,000 ! (simply math)

[daleanime]

2. K&R....

[woo me with science]

3. K&R