History Proves Major Biden Policy Agenda Wrong

History has proven that raising the minimum wage kills jobs, yet Joe Biden wants to do it anyway.

According to The Washington Free Beacon:

The analysis, published Monday by the National Bureau of Economic Research, combed through academic literature on the minimum wage and determined that nearly 80 percent of studies conducted since 1992 have found that an increased minimum wage leads to a decrease in the level of employment.

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The new study comes as congressional Democrats reintroduce legislation to raise the federal minimum wage to $15 an hour and as President Joe Biden pushes for the same hike as part of his proposed $1.9 trillion COVID-19 stimulus plan. Neumark and Shirley’s findings serve as evidence that these pushes could cost American jobs as the unemployment rate remains elevated thanks to the coronavirus recession.

Neumark and Shirley observe that the debate around the minimum wage is highly fraught, with expert economists often reaching different conclusions based on the same data. Surveying recent summaries of the literature, they find that researchers have simultaneously concluded that increasing the minimum wage cuts jobs, that it doesn’t cut jobs, and that the evidence is too equivocal to say either way.

In an attempt to cut through this dispute, the pair summarize what they identify as the central findings of some 30 years of papers, stretching back to the pioneering work done by Berkeley economist David Card, one of the first economists to use modern methods to study the effects of the minimum wage on employment and wages.

Teens and young adults generally are pushed out of the labor market when a minimum wage mandate is put into effect.

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Frank2525
Frank2525
1 month ago

Pres. Joe Biden will accomplish loss of jobs, with all the executive orders he has signed, if Congress lets him do it. Now is when they will have “to cut fish, or fish”. Stopping expansion of Keystone pipeline, will result in more funds paid out by the energy companies, to land owners, due to contracts signed with them. Basic pipeline existed for many years. This was expansion, to allow more oil and gas to be shipped to Oklahoma, and coastal plants for separating and export.
——– Many energy companies will cease to exist, with losses for all the new fractionating plants, and facilities to separate the gases, as at present, but not able to produce the separate gases to the manufacturing plants who use them for manufacturing. Considering how much the carbon molecule is used for clothing, food, medicine, test equipment, plastic, etc. etc. PETA does not want animals killed for food or clothing, there will lot of naked folks in USA. More so than presently on our beaches, or on TV.
———— And being able to export energy, is very much NATIONAL SECURITY, and best weapon Pres. Donald Trump had to break power of IRAN, IRAQ, PAKISTAN, N. KOREA CUBA, AND OTHERS SUCH AS THE MIDDLE EAST. Really reduced income for China, Russia, and Middle East. They could no longer dictate price of energy to USA, or sell to others in their areas-regions. Reason Arabic Countries decided to move from Energy, to Capitalistic System, and Tourism, for their country budgets. And they began to look at Israel, more favorably, to establish trade and defense between them. Same as Pres. Trump also engineered more balanced funding and removing many tariffs, with Canada and Mexico.
———-I expect Congress to prevent many of the Executive Orders to have free range, since many of them, contradict each other. And His administration still have never decided why the warming and cooling happens, labeling it as Climate Change.
———Democratic administrations blame it on man and animals on planet earth, and say they are following SCIENCE. But Science is always changing, and will continue it. Every time a mountain erupts anywhere, the rotation of Planet Earth, is changed by the lava erupting, making earth more misshaped, and with extra weight, earth remaining same positioning between other space bodies, the effect of rotation changes sun and other bodies effects on Earth. That was explained with the loss of two Boeing 737 aircraft,with sensors on the plane fighting each other, if not adjusted for their location in reference to North and South pole positions changed. Think about it, and realize we cannot control erupting mountains. Must adjust to the effect. (I believe many officials, need basic science courses again, and hopefully Joe Biden will not mess with new SPACE COMMAND, and they will make this very clear to all).

Junius
Junius
27 days ago
Reply to  Frank2525

The Big Dummy, has already canceled the Space Command!

Robin Rosenblatt
Robin Rosenblatt
1 month ago

biden is a Marxist, Facisct Nazi. Who want to destroy Israel. That is why I am tring to strengthen Israel with the Real Red Heifer, or Texas Longhorns, http://longhornproject.org

Verna
Verna
1 month ago

I do believe that it is time for a hike in the minimum wage. It has been at this level for years and some employers use it as a reason to take advantage of their employees. I do think going straight to $15.00 an hour is a huge mistake. Many companies will be unable to afford the added cost and will just get along with fewer employees so many jobs will be lost. It makes more sense to me to raise minimum wage to $10.00 an hour. In parts of the country where cost of living is higher, (like NYC) higher pay may be warranted.

Junius
Junius
27 days ago
Reply to  Verna

People who live in NYC,and NY, deserve what they voted for!

Rick
Rick
27 days ago
Reply to  Verna

Verna, I would suggest that any and all who live in the Rotten Apple Move out NOW ! as for a higher wage for them than for others ? get a freakin life !
they created the shytehole let them live in the bed they made !

Tom
Tom
1 month ago

I keep telling everyone Biden doesn’t have a clue as to what he is signing. He doesn’t! He probably thinks they are Valentine cards.

Jodi M Waters
1 month ago

We have a great numbers of issues facing our country. The largest generation in history is retiring and the Clinton and Obama administrations spent the funds in Social Security and Medicare to get re-elected, massive numbers of illegal immigrants who have entered the country, who never legally worked or became citizens during the last amnesty, but brought relatives in, are now applying for the programs when they NEVER paid into them and once again the Demo(n)crats want to give amnesty, our National debt is in the trillions and the taxes paid by Americans just covers the interest, Biden’s tyes to China is suspect plus other issues. It looks like our politicians, not leaders, don’t have any answers. It’s obvious that they haven’t learned from history or ever taken a course in Economics. Did any of them learn about the Great Depression? Are we on the path to repeat history?

Bob
Bob
1 month ago
Reply to  Jodi M Waters

Political people serve in Congress. The country needs Patriots to serve.

Disgusted in CA!!!
Disgusted in CA!!!
1 month ago
Reply to  Jodi M Waters

They didn’t spend it to get RE-elected – they spent it to STEAL the elections. Am now not so convinced BO won his 2nd term fairly!!!

tybie
tybie
1 month ago

This person is NOT capable of being the President of the United States. Those behind him need to be investigated.

Keith Clark
Keith Clark
1 month ago

He doesn’t care about facts.
He is aligned and controlled by Communists. They will continue this route of feel good Liberal bullshit until YOU run out of money.

Scotty
Scotty
1 month ago

Job loss is Joe and Commala’s agenda. The fewer people working, the more people will have to rely on public assistance. A hungry person can be controlled with a little food. This method works well, especially if the people are also unarmed.
Hope you’re happy liberals.

Edward Durham
1 month ago

Bot says Biden needs to go

John Miller
John Miller
1 month ago

Anything messing with the underpinning of our free enterprise looks at least suspicious to me, Especially from a government that has taken us into horrendous debt and is flirting with third world status as we speak.

Pissed Off American
Pissed Off American
1 month ago

Obiden don’t care. It was a “WARM & FUZZY”‘ to get people to vote for him by lying through his back side. Good chance it never happens. Sounds great but the side effects will kill the patient.

Wyatt
1 month ago

Dems don’t care about history . All that matters to them is getting their agendas in place and how much can they profit from it in the long term .

Junius
Junius
27 days ago
Reply to  Wyatt

Once the profit ends, the Death squads begin!

n.r.ringlee
n.r.ringlee
27 days ago

So riddle me this: when has Joe Biden come down on the right side of any major policy issue? That extremely tiny set may be easier to list than his displays of no judgement, no integrity.

Wyatt
27 days ago
Reply to  n.r.ringlee

Gee that’s a tough one n.r. but I’m gonna go with , Never !

Rick
Rick
27 days ago

Buck Fiden, Now it is the conservatives turn to resist, let us vote down anything that this commie bastard puts forth, free lollypops ?…. down vote…. eliminate ice ? down vote…. pack the courts? down vote…. mess with the constitution?…. Impeachment . let us be worse than fagtifa….
let us be stronger than BLM…. NOW IS THE TIME

rusell
rusell
26 days ago

joe and hunter belong in Leavenworth

Steven Barben
Steven Barben
25 days ago

You don’t need studies to understand that raising minimum wage is a stupid idea, common sense should be enough, but of course, Joe Biden doesn’t have any. But he is not raising minimum wage for everyone, only for government employees. That’s even worse because it encourages the hiring and higher wages for lazy government bureaucrats at the working man’s expense. Furthermore, while he wants to raise minimum wage in the USA, he’ll likely make it easier fro China and other communist regimes to continue competing with the USA with unfair trade and slave labor. But ultimately, he doesn’t care. Joe Biden, like most liberals, want to break our nation’s economy so they can blame capitalism and have an excuse to give the people reason to establish and strengthen their socialist-communist agenda.

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