Obama’s $10.10 executive order killing more jobs than sequester
By Maxford Nelsen | Freedom Foundation
If you want to cause jobs losses, it turns out increasing the minimum wage is far more effective than even massive cuts to the federal budget.
Bowing to pressure from far-left progressives and labor activists, President Obama issued an executive order in February to increase the minimum wage for federal contractors from $7.25 an hour to $10.10. At the time, the President brushed off criticism that the minimum wage harms jobs, claiming, “It’s not going to depress the economy, it’ll boost the economy.”
Minimum wage zealot and Labor Secretary Thomas Perez claimed that the President’s order would not only increase pay for workers, but result in improved service for customers.
at Freedom Foundation.