Tens of millions of workers are unemployed right now as the economy struggles to rebound from the COVID-19 crisis and ensuing government lockdowns. But if Joe Biden and Democrats sweep the board in November, even more people could find themselves out of jobs at the worst possible time.
Remember, the “moderate” Democratic presidential nominee has endorsed a $15 federal minimum wage. Meanwhile, House Democrats have already passed a bill that would mandate a $15 hourly rate in all 50 states, even those where it would constitute a more than doubling of the current minimum wage. And a new analysis by the fiscally conservative Employment Policies Institute finds that enacting this proposal would destroy 2 million jobs by 2027.
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