Democrats vote to put millions out of work by raising the minimum wage

CNBC:
The House passed a bill Thursday to hike the federal minimum wage to $15 per hour in a win for liberal activists who have long pushed to give low-wage workers a raise.

The Democratic-held chamber passed the plan in a 231-199 vote. Six Democrats opposed it, while three Republicans supported it.

The measure would gradually hike the U.S. pay floor to $15 by 2025, then index further hikes to median wage growth. It would also phase out lower minimum wage paid to tipped workers.

House Democrats view the legislation as a core piece of their agenda to boost pay and economic growth. As President Donald Trump runs for reelection in 2020, the party argues strong economic growth and a roaring stock market have not done enough to lift the workers who most need relief.
...
It would do the opposite of their stated intentions.  In every city where the Democrats have imposed this increase in the minimum wage, it has killed jobs and businesses.  It has been particularly devastating to the restaurant business.  Fortunately, the bill has no chance in the Senate.

The Congressional Budget Office estimated that a $15 minimum wage hike would raise wages for more than a million workers, but would also result in the loss of up to 3.7 million jobs and a reduction of total family income by about $9 billion by 2025.

A poll released this week found only 20 percent of Americans think raising the minimum wage is worth the economic consequences. It also found that 71 percent believe the minimum wage should be adjusted based on cost of living in different parts of the country.

The best way to increase people's pay is to grow the economy and reduce regulation.  In West Texas where the shale boom is taking place, the competition of workers has increased pay and the number of customers has increased to the point where businesses can increase the pay to attract workers.

Of course, the anti-energy left in the Democrat party would like to kill that business too while they push less efficient alternative energy.

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