For John, BLUF: Senator Rand Paul says a boost in the minimum will result in job losses. Nothing to see here; just move along.
From USA Today, by Louisville Courier Journal Reporter Emma Austin, 23 January 2021, 7:34 PM EST.
Here is the lede plus two:
Not for the first time this week, Kentucky Sen. Rand Paul took his criticisms of newly inaugurated President Joe Biden to Fox News.To be fair, the Reporter then goes on to challenge Senator Paul's assertions.Speaking with conservative personality Sean Hannity Friday night, the Republican congressman repeated his claim that Biden's goal of increasing the national minimum wage to $15 would cause 4 million people to lose their jobs.
"And the people who lose their jobs first when you hike up the minimum wage are Black teenagers," Paul said. "So, you know, 'why does Joe Biden hate Black teenagers' should be the question. Why does Joe Biden want to destroy all these jobs?"
That said, if wages are going up, owners are asking if there are jobs to be eliminated, to keep prices from going up. That extra pay has to come from somewhere. There is profits, which has limits. There is saving money on supplies like more buying from China. The is staff elimination. Then there are those with business plans who relook and say they can't turn a profit and don't start new businesses.
But, none of this impacts Middle Class college graduates of any race or ethnicity, except for thos teenagers looking for part times jobs.
Hat tip to the InstaPundit.
Regards — Cliff
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