Biden could destroy 1.4 million jobs by imposing $15 per hour minimum wage

U.S. 02/09/21, 12:29

The Congressional Budget Office (CBO) estimated that about 1.4 million jobs could be gone if President Joe Biden were to impose a minimum wage of $15 per hour in the country. "[T]hose higher prices, in turn, would lead consumers to purchase fewer goods and services. Employers would consequently produce fewer goods ...

President Biden bans would ruin up to a million energy sector jobs, says expert

U.S. 01/25/21, 17:34

American Petroleum Institute (API) Senior Vice President for Policy, Economics, and Regulatory Affairs Frank Macchiarola said that if President Biden permanently bans oil and gas development on federal lands, it could kill up to a million jobs. "The first few days should concern all Americans because the administration is clearly taking ...

New York businesses impacted by minimum wage increase

Business 08/08/19, 13:07

More than six months after the minimum wage of $15 an hour went into effect in New York City, several employers find that the requirement is leading to unsustainable costs, resulting in numerous staff cuts. According to Fox News, from that new perspective, even many entrepreneurs have had to choose to ...

House votes to approve $15 minimum wage

Politics 07/18/19, 15:25

The House voted to pass legislation, on Thursday, that would gradually increase the national minimum wage to $15 per hour by 2025. The bill, known as the “Raise the Wage Act,” passed with a vote of 231-199 and followed party lines, for the most part, with only six Democrats opposing the ...

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