Raise the Minimum Wage to $7.25: Clearly, Democrat Leader "Pelosi doesn’t get it – passing a federally mandated wage-increase would likely be most damaging to the very workers she’s claiming to help.
· Raising the Federal minimum wage would put up to 1.6 million American workers – or nearly 20% of minimum wage earners – in danger of losing their jobs because of the added costs on businesses, States, and local governments (according to Hoover Institution economist David Henderson). Job losses are likely to be concentrated among groups least able to absorb the shock."
I would think that rather than massive job cuts, it would result more in stalled job growth. Do any jobs actually pay minimum wage anymore?
"Raise the Minimum Wage to $7.25"
Doesn't that require the signature of the President?
Although he never used his veto pen before, I have a feeling he'll start using it now.