Dan Celia for Newsmax Finance: $15 Minimum Wage: A Move Against Ingenuity


By Dan Celia for Newsmax Finance

President Joe Biden says his proposal to raise the federal minimum wage to $15 an hour will lift many low-wage workers out of poverty, but many businesses and economists warn it will cost jobs during this very important time of recovery from the pandemic.

Biden endorses a plan to more than double the wage noting that, at $15 an hour, a job could support a family of four above the poverty line. The question is, what job might that be?

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