The Democrat Party would like Americans to believe that raising the minimum wage is the end-all, be-all to economic problems in the nation.
Countless leftist politicians have argued in favor of surging the federal minimum wage to $15 per hour; even the 46th president attempted to place this in his $1.9 trillion coronavirus spending package, but it’s unlikely to pass as part of the stimulus plan.
During a Super Bowl interview this past weekend, Biden professed that raising the minimum wage is shown by “all the economics” to boost the economy. Naturally, misinformation of this magnitude resulted in the 46th president being fact-checked, as Washington Examiner confirms.
The Truth About Increasing the Minimum Wage
No matter how much disinformation Democrats spread about raising the minimum wage, it doesn’t change the reality.
When the minimum wage increases, so do costs for business owners, especially small business owners. To offset these costs, employees are often laid off or assigned fewer hours to work. This, in and of itself, counters any possible financial gains from minimum wage increases, as do the surges in the costs of services and goods.
In his Super Bowl interview, Joe Biden claims "all the economics" show the economy rises with a minimum wage boost.
— Stephen Hayes (@stephenfhayes) February 7, 2021
After Biden’s false claim about the minimum wage during his Super Bowl interview, The Dispatch fact-checked the 46th president accordingly. In truth, there are many economists who oppose hiking the minimum wage for the aforementioned reasons.
Bettering the U.S. Economy
The need to better America’s economy exists; however, increasing the minimum wage will only place more Americans out of work. Cutting back on taxes, on the other hand, is a more effective and feasible means of helping Americans economically.
When Biden spoke about bettering the economy this past weekend, he also failed to mention his cancellation of the Keystone XL pipeline. Shutting down this pipeline put thousands of union workers out of a job; several of these workers and unions have since spoken out.
To recap, promised to be the most pro-union Administration in history. But on week one, took executive action that costs thousands of union workers their jobs, in the middle of a pandemic. And then said at today's WH briefing that more pipelines may be cancelled too. https://t.co/3YaW9TJxNK
— Brian Walsh (@brianjameswalsh) February 4, 2021
If Biden is serious about helping the economy, he can bring back the pipeline and send union members back to work. Republicans are all for this; even some Democrats, such as Sen. Joe Manchin, have expressed disagreements with Biden’s shutdown of the pipeline’s construction.
The 46th president has not retracted his false claims about minimum wage increases.
What do you think about Joe Biden spreading misinformation about the impact of minimum wage increases on the economy? Let us know your impression down below in the comments section.