WHat has happened after every raise in the minimum wage? "Most studies have found that the entire net effect of an increase in minimum wage results in a slight decrease in employment. A 10 percent increase would most likely lead to only a 1 percent reduction in employment." Although in some specific areas the effect of the wage increase is negligible or slightly positive on employment. http://www.uvm.edu/~vlrs/doc/min_wage.htm Of course it does not factor in effects of inflation. Congress last increased the rate in stages in 2007, topping it out at $7.25 an hour in 2009, or $15,080 a year. That amount, when adjusted for inflation, is actually lower than what a minimum-wage worker earned in 1968
Under President Obama the participation rate in the food stamp program has skyrocketed—one in seven Americans now receives food stamps. To keep up with the demands of the burgeoning program, spending has thus “doubled from roughly $39 billion in 2008 to an estimated $85 billion in 2012,” and nearly quadrupled since 2000. According to Heritage, “Today, the food stamps program is one of the largest and the fastest growing of the roughly 80 welfare programs funded by the federal government.” With that said, brace yourself for Breitbart’s findings: “The number of individuals on food stamps now exceeds the...
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