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"GOP leaders seized upon a report Tuesday by the nonpartisan Congressional Budget Office that found such a wage increase could reduce jobs in 2016 by about 500,000. The report also concluded roughly 45 million Americans will live below the poverty line in 2016 if the wage is not increased."
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"This does not worry the looters of the moment. Their plan—like all the plans of all the royal looters of the past—is only that the loot shall last their lifetime. It has always lasted before, because in one generation they could not run out of victims." - Atlas Shrugged
They are looking at short-term political gains; the alleged benefits of raising the minimum wage cannot last. The economy will adjust, and $10.10 will not buy any more than $7.25 does now. Why the GOP does not point this out to people... I do not understand.
" "This is not just good policy. It also happens to be good politics," he said. "Because the truth of the matter is the overwhelming majority of Americans think that raising the minimum wage is a good idea." "
If true, it is only because a majority of Americans have become conditioned to desire the unearned.