Breitbart Business Digest

 

     

Excerpt:

Meanwhile, Joe Biden continues to push ahead with his left-wing economic agenda. Democrats on Tuesday reintroduced the Raise the Wage Act, a bill that would increase the federal minimum wage to $15 an hour by 2025. That will squeeze less productive and younger workers out of the labor market, eliminating summer jobs for teenagers and making it harder for people re-entering the labor market to find work — not what anyone would recommend as the economy is still staggering from the pandemic. It would be far better to raise wages at the bottom rungs of the economic ladder by reducing immigration and raising tariffs, moves that would tighten the labor market.