Another 10%, $170 billion in spending, will be allocated for K-12 schools and institutions of higher learning to reopen safely within the administration’s first 100 days. However, this small amount must be spread nationwide and when seen through that lens, is not putting the safety of our children and teachers first.
All of this will be coming on the heels of the recently enacted $900 billion legislation that continues to extend unemployment benefits.
Yet, Biden is proposing a $1.9 trillion in mostly superfluous proposals that are not of immediate importance.
One of the most overreaching proposals is to more than double the federal minimum wage to $15 an hour – including for employees who regularly receive additional tips or commissions. While this sounds fantastic on the surface, this has proven to systematically lead to more automated kiosks taking over service positions of actual humans and hard-working individuals losing their jobs due to “downsizing”.
The non-partisan Congressional Budget Office is already estimating that this jump in minimum wage will account for the killing of 1.3 million jobs and possibly up to as many as 3.7 million by 2025.
