CFOs say raising minimum wage would hurt job market
Count the nation’s chief financial officers among those who fear that raising the minimum wage would be a job-killer.
The latest survey by Duke University and CFO Magazine found that 56.7 percent of CFOs at U.S. retailers and 44.1 percent at service firms say they will reduce hiring plans if the minimum wage is increased to $10 per hour.
But they don't know anything! They have only run companies and studied budgets for years. Instead follow what Obama says. Never balanced a budget and his wife almost left him because he almost went bankrupt.
Thomas Sowell: There are no solutions, just trade-offs.
The usual business/capitalist crowd has been saying that ever since it started back in the 30's with FDR. Funny thing...History has always shown them to be wrong.
Yeah, lets ignore history, and facts and trust those guys that have been ripping off low-wage worker for decades. Let's continue having WalMart subsidize their own workforce on the backs of taxpayers by sending them to apply for food-stamps, and welfare benefits. Yes, we don't mind making the Waltons richer at the expense of the taxpayers....
Thanks for the link LJ. Now that might happen if there are jobs available for them. Our economy is not doing to well and I doubt that many CFO's would be wrong in their assessment. If our economy was more robust then maybe assessments would be different.
From the link
"An estimated 27.8 million people would earn more money under the Democratic proposal to lift the hourly minimum from $7.25 today to $10.10 by 2016".
Obuma has a great batting average as President! Follow him down the path of destruction. He is doing a bang up job.
