(ConservativeInsider.org) – Liberal policies are often advertised as perfect, catch-all solutions to issues when, in fact, they only offer a small bandaid for a more severe underlying issue. During an interview this week, a Biden advisor admitted that there are some “big negatives” to policies that the administration is pushing, and he tried to steer the conversation away from them.
On Monday, February 8, White House Council of Economic Advisers member Jared Bernstein spoke with MSNBC’s Chris Jansing. The host asked Bernstein for his thoughts on the Congressional Budget Office (CBO) study that says raising the minimum wage to $15 per hour “would actually cost 1.4 million jobs by 2025” and only raise 900,000 Americans above the poverty line. Bernstein replied those numbers were correct, but these statistics focus on “the big negatives” of the policy.
Bernstein asked listeners to focus on a wage increase getting “reliable help to low-income workers” rather than the fact nearly 1.5 million low-income jobs would be lost. Comedian Tim Young brought some realistic humor to the topic:
What an employee looks like when minimum wage goes to $15. pic.twitter.com/bZ8LlFjU7v
— Tim Young (@TimRunsHisMouth) February 9, 2021
While Liberals try to pose a higher minimum wage as a good thing, the truth is it would likely make finding a job much more difficult as businesses try to keep their budgets in check. Fewer jobs would simply mean a slower economy. All in all, raising the minimum wage so everyone can have plenty of money sounds like it’s too good to be true … because it is.
Copyright 2021, ConservativeInsider.org