Former Vice President Joe Biden said during the final presidential debate Thursday night that there is “no evidence” raising the minimum wage kills businesses.
“There is no evidence that when you raise the minimum wage, businesses go out of business,” Biden told Trump. “That is simply not true.”
.@JoeBiden: “There is no evidence that when you raise the minimum wage, businesses go out of business. That is simply not true.”
A new study shows his plan to do just that could kill 2M jobs by 2027. pic.twitter.com/ZykSte0OfD
— Washington Examiner (@dcexaminer) October 23, 2020
Several verified Twitter accounts promptly addressed Biden’s claim citing studies arguing against his claim.
“Joe Biden just lied again,” author Ryan Girdusky tweeted. “After raising minimum wages, fast food restaurants fired a lot of people after raising minimum wages.”
Joe Biden just lied again. After raising minimum wages, fast food restaurants fired a lot of people after raising minimum wages #Debates2020 https://t.co/3LPRnpLhGy
— Ryan James Girdusky (@RyanGirdusky) October 23, 2020
“Biden claims minimum wage increases come at no cost,” former CIA officer Bryan Dean Wright tweeted. “He is wrong. Seattle’s experiment proved it.”
Biden claims minimum wage increases come at no cost.
He is wrong. Seattle’s experiment proved it.https://t.co/E1G7sQ4j88
— BDW (@BryanDeanWright) October 23, 2020
Conservative radio host Larry Elder responded to the claim by citing a Congressional Budget Office analysis suggesting that raising the minimum wage could kill over a million jobs.
Biden said he’d increase the minimum wage to $15.
“Minimum wage bill could eliminate 1.3 million jobs, CBO says”https://t.co/mNWHKqUHKb#Debates2020
— Larry Elder (@larryelder) October 23, 2020
In 2017, a Harvard study concluded that a San Francisco minimum wage increase resulted in some businesses closing their doors.
According to the Heritage Foundation, minimum wage increases not only kill jobs, up to 400,000 in California alone, but also “disproportionately hurt low-income, low-skill workers and families.”
