You Make a Difference! Our mission and operations are funded entirely by Patriots like you! Please support the 2024 Year-End Campaign now.

July 10, 2019

CBO: $15 Minimum Wage Would Kill Millions of Jobs

Meanwhile, House Democrats plan to vote on legislation raising the minimum wage to $15.

The Congressional Budget Office released its latest report on the estimated economic impact of a federally mandated $15-per-hour minimum wage and — surprise! — it’s not pretty. The report states, “About 1.3 million workers who would otherwise be employed would be jobless in an average week in 2023. That decrease would account for 0.8 percent of all workers and 7 percent of directly affected workers who would otherwise earn less than $15 per hour.” But that’s the rosy end of the picture, as the report further notes that upwards of 3.7 million Americans could find themselves out of a job. This would essentially wipe out nearly half of the jobs gains under President Donald Trump.

And once again, those most negatively affected by a $15 minimum wage are the poorest and least-skilled American workers. Or, as The Wall Street Journal puts it, “As many as three people would lose their jobs for each person no longer in poverty.” How exactly does that equation lead to fewer Americans in poverty? On top of this, total real income would see a decrease of an estimated $9 billion. This negative impact would be felt throughout the economy.

Predictably, the Journal reports, “Democrats have responded to CBO’s wage warning by ignoring it.” House Democrats back in January introduced the Raise the Wage Act of 2019, a bill that would mandate the implementation of a $15 minimum wage by 2024, which is expected to be voted on later this month. Fortunately, the Republican-controlled Senate would likely not dare take up such an obviously economically crippling piece of legislation.

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!


The Patriot Post and Patriot Foundation Trust, in keeping with our Military Mission of Service to our uniformed service members and veterans, are proud to support and promote the National Medal of Honor Heritage Center, the Congressional Medal of Honor Society, both the Honoring the Sacrifice and Warrior Freedom Service Dogs aiding wounded veterans, the Tunnel to Towers Foundation, the National Veterans Entrepreneurship Program, the Folds of Honor outreach, and Officer Christian Fellowship, the Air University Foundation, and Naval War College Foundation, and the Naval Aviation Museum Foundation. "Greater love has no one than this, to lay down one's life for his friends." (John 15:13)

★ PUBLIUS ★

“Our cause is noble; it is the cause of mankind!” —George Washington

Please join us in prayer for our nation — that righteous leaders would rise and prevail and we would be united as Americans. Pray also for the protection of our Military Patriots, Veterans, First Responders, and their families. Please lift up your Patriot team and our mission to support and defend our Republic's Founding Principle of Liberty, that the fires of freedom would be ignited in the hearts and minds of our countrymen.

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2024 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.