Progressive-Democrats want to raise the national minimum wage to $15/hr.  Here are some back of the envelope numbers that could result.

The CBO says that the new minimum would cost 1.3 million Americans their jobs (in the optimistic scenario; their more pessimistic scenario had 3.7 million Americans put out of work): their current wage would go from $10.10/hr (CBO’s 2014 minimum wage which formed the core of their that-year outcome analysis) to $0.00/hr. The CBO also says that the $15/hr minimum wage would lift 1.3 million American workers out of poverty.

So, 1.3 million, or many more, Americans would lose their jobs so 1.3 million, at best, could get above poverty.

There’s more to it than that, though.

Based on that same $10.10/hr prior minimum that the Progressive-Democrats tried for just five years ago, the currently proposed job losses would result in a bit over $26.25 billion dollars lost to our economy per year through lost wages.  That’s based on only 1.3 million American workers being fired, mind you.  Balancing that would be that $4.9/hr raise (because, by CBO assumption, $15/hr is a non-poverty wage) for the lucky 1.3 million, or a skosh under $12.75 billion inserted into our economy each year.  That’s a net loss to our economy of some $13.5 billion per year.

If we adjust all of that for the actually extant minimum wage of $7.25/hr, the numbers shift to $19.5 billion per year lost to our economy in lost wages from those 1.3 million being fired, and a gain for the lucky ones of $20.2 billion per year.

That makes the Progressive-Democrats’ latest proposal a wash on wages in our economy.  Tell that wash business to the fired workers, though, and hear what they think of break-even.  Oh, and what was that, again, about “livable wages?”

Here’s another example.  Senator and Progressive-Democratic Party Presidential candidate Kamala Harris (D, CA) claims President Donald Trump is holding our nation’s infrastructure rebuild/expansion hostage against the Progressive-Democratic Party’s “investigations” being ended.

So he’s gonna hold America’s infrastructure hostage, right, over the issue of investigations[.]

What’s being held hostage, exactly?  House Speaker Nancy Pelosi (D, CA), just minutes before a scheduled meeting in which Pelosi, Senate Minority Leader Chuck Schumer (D, NY), and Republican leadership were to negotiate infrastructure projects, Pelosi, with Schumer’s prior agreement and support, accused Trump of impeachable behavior.  The only plausible reason for the timing of Pelosi’s accusation was to blow up those negotiations.  Progressive-Democrats didn’t want those negotiations to go forward; they didn’t want Trump to look good against the backdrop of election season and their efforts to make him look bad during this season with their faux investigations.

What’s being held hostage, exactly?  What infrastructure-related legislation do the House Progressive-Democrats have on the floor to vote up and pass to the Senate?  What infrastructure-related legislation do the House Progressive-Democrats have in committee being worked up?  What infrastructure-related legislation do the House Progressive-Democrats have under discussion in outline form to be brought forward to committee consideration?

What’s being held hostage, exactly?  Infrastructure-related legislation isn’t revenue legislation; it can originate in the Senate.  What infrastructure-related legislation do the Senate Progressive-Democrats have under discussion with their Republican colleagues?  Infrastructure has, after all, strong bipartisan support.  Or so the Progressive-Democrats claim.

There’s this, too: Progressive-Democrats in Congress insist that they can walk and chew gum at the same time, but their metaphor seems limited: they’re showing themselves incapable of “investigating” and legislating at the same time.