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The PJ Tatler

by
Bryan Preston

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February 19, 2014 - 7:52 am

President Obama wants Congress to raise the minimum wage over the next couple of years. He prefers a hike to $10.10.

Tuesday, the Congressional Budget Office issued a report saying that while raising the minimum wage could potentially lift 900,000 out of poverty, it could also cost from 500,000 to one million jobs. The CBO further found that hiking the minimum wage may increase the prices that the government pays for some goods and services, and could increase the already out-of-control budget deficit by a little bit over the next few years.

So, raising the minimum wage is not a panacea for helping workers or American companies, and is likely to have an overall slightly negative impact on the already ailing economy. The Obama White House reacted Tuesday to the CBO report, by urging American companies to accept lower profit margins.

Today, President Obama’s official Twitter feed tweeted this.

 

It’s as if the CBO report never happened.

While believing that raising the minimum wage may play as noble, the fact is that the minimum wage is the wage earned by just 4.7% of America’s hourly paid workers. Most of us make the minimum at some early point in our careers, before either getting a raise or moving on to a job that pays more. The minimum wage is an entry-level wage. The minimum wage is not supposed to be a permanent wage. But if American companies are forced, either by Obamacare or raising the minimum wage, to accept lower profit margins, the minimum wage may become a permanent condition for a much higher number of workers.

Bryan Preston has been a leading conservative blogger and opinionator since founding his first blog in 2001. Bryan is a military veteran, worked for NASA, was a founding blogger and producer at Hot Air, was producer of the Laura Ingraham Show and, most recently before joining PJM, was Communications Director of the Republican Party of Texas.

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All Comments   (13)
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After The Obama read the CBO report He kicked back in the people's chair, put His feet up on the people's desk then lit a cigar, poured Himself a cognac and with a satisfied smirk sighed; "fundamental transformation, I'm lovin it"...
31 weeks ago
31 weeks ago Link To Comment
since when has the king ever been deterred by facts? It matters not a whit. Too bad the GOP doesn't have a bit of the ignorance the king so regularly demonstrates to all Americans.
31 weeks ago
31 weeks ago Link To Comment
As long as members of the Legislature and Judiciary FAIL to DO THEIR DUTY, the Obama Administration vandals have no cause for concern.

That members of the Legislature and Judiciary refuse, decline, decide, agree "it's not their department" to accept the SEPARATION OF POWERS as a FUNDAMENTAL STRUCTURE for the SAFETY of the Constitutional Republic of the United States of America,the vandals have no cause for concern.

That members of ALL the adminstrative offices of government of these USA have EACH sworn / affirmed on Oath to UPHOLD AND DEFEND the Constitution, the SUPREME LAW OF THE LAND, makes them each As Guardians of the Law responsible to STOP transgression of that Law.

By ANY Officer or Office of government intent on FUNDAMENTAL TRANSFORMATION of the nation without the DIRECT application to and CONSENT of WE The People. ALL the People.

Consent from the "best and brigihtest", the entrenched in the policy echelons of the civic institutions and the political parties even when in agreement, does not count as Consent from We The People. The legal proprietors of the Enterprise known as the Constitiutional Republic of the United States of America.

That the members of these balancing Offices of Adminstration refuse, neglect, decline to DO THEIR JOBS, they in effect cede the nation to these vandals.

Ultimately it is the responsiblity of the citizens themselves to do what needs to be done to STOP these vandals Theft of their nation and their identity.

IF They care.
31 weeks ago
31 weeks ago Link To Comment
so the CBO is the bible and gospel, until such time as the truth that they report isn't liked by B.O. wow, what chutzpah, reminds me of the children that murdered their parents and then want leniency because they are orphans.
31 weeks ago
31 weeks ago Link To Comment
http://townhall.com/columnists/terryjeffrey/2014/02/19/minimum-wage-hike-attacks-young-and-industrious-n1796979--

Who is targeted by this assault on free enterprise? Industrious young people -- those who, historically, have been on their way up in America -- and the entrepreneurs who employ them. On average, according to the Bureau of Labor Statistics, 143,929,000 people were employed in the United States in 2013. Of these, 75,948,000 were paid an hourly wage, and 3,300,000 of those earned at or below the minimum wage. That means only 2.3 percent of American workers earned at or below the minimum wage.

It remains a fact in the United States that if you start working and keep working until you are at least 30, you will almost certainly get paid more than the government requires an employer to pay you
31 weeks ago
31 weeks ago Link To Comment
It's odd that O did not use the same approach here as in O'care: Hey, those whose hours are reduced or unemployed will have more time to spend with their families.
31 weeks ago
31 weeks ago Link To Comment
This is yet another payoff to the unions, whose contractually-set wages are often pegged to the minimum wage.

'twas ever thus.
31 weeks ago
31 weeks ago Link To Comment
As the CBO report shows, the real minimum wage that results from a hike is $0.00 per hour for all of those who loose a job.

But dig deeper:
If a million people loose their jobs at $7.25/hour and half a million have their wage increase to $10.10/hour - Before the hike, 1.5 million are earning $7.25/hour each in the aggregate. After the hike, they are earning $3.37/hour each in the aggregate.

Brilliant!
31 weeks ago
31 weeks ago Link To Comment
Inflation can not get here quick enough for these people.
31 weeks ago
31 weeks ago Link To Comment
DaOne is doing what he is told to do for votes, and increasing the dependency on government. This is part of the fundamental change DaOne, and company support.

The next thing you know, millions of illegal aliens, and felons will be given the right to vote. I wonder who/what they will vote for?
31 weeks ago
31 weeks ago Link To Comment
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