It doesn't take a study, it only takes common sense. A basic job like making subs will pay $7.25. When a business needs to hire a more skilled set of workers they must offer more pay. They offer $10. When the minimum goes to $15, to get a more skilled worker you'll have to offer $19 and so on.Again, a claim that requires proof. Got some?
Jobs like the sub maker are designed to allow high school kids or someone in college to get a part time job to make some money. If you are offering a "living wage" these jobs close up for the entry level worker. With no means of employment they aren't going to be able to afford $12.00 subs.
The trouble is, we have fools for congressmen....fools who know nothing about economics....Our money is being blown up in foreign adventures(Afghanistan, Iraq,Columbia ?) and our jobs are now in China and Mexico...never mind about the trillions of dollars for Arabian oil.....
Is it any wonder....
It's time we had a different debate. We as a nation need to determine our priorities first and then determine where the funds will come from to meet those priorities. Yes, I think we need to cut government spending but that is only one side of the coin. There is no reason that we cannot obtain additional revenues. The Bush tax cuts were supposed to be temporary. Since they have been in place our revenues have constantly declined. While corporations profits have increased to record highs they have not reinvested by creating new jobs in our economy. Ergo, your premise falls. Under President Clinton the budget deficit was gotten under control. And don't tell me that by putting insurance in the hands of private companies it will help the everyday person. Insurance rates have skyrocketed among such companies. The same is true with prescription drugs. Nor would a tax credit begin to pay the real cost. It would help the government by removing it from the budget, but it would not help the middle-class, lower-class, and poor in this country. Thus my original point. If what this country wants to focus on is business, then say so. Acknowledge that they are not concerned about those who are part of the growing lower & middle class in our society, and make decisions accordingly. But at least own their real beliefs and positions. I can respect that, though I disagree, but their game playing reminds me of a bunch of manipulative spoiled brats who will do anything necessary to get their way.
The US is an odd ship. The captain yells out when he sees obtacles , but 535 individual propellers do the steering.
Looks like even some other congressional Republicans do not like Cantor's idea.