Buffett Would ‘Love’ $15 Minimum Wage  Mon, 03/03/2014 - 2:32pm
Joel Hans, Managing Editor, Manufacturing.net  Speaking on CNBC
Monday morning, the renowned businessman Warren Buffett,
chairman and CEO of Berkshire Hathaway, said he would approve of
a minimum wage hike to $15 an hour — if it hurt nothing else in
the economy, which he says isn’t the case. President Obama has
recently campaigned for a minimum wage hike to $10.10, and has
even mandated as such for federal contracts. But Buffett would
like to see workers paid more — if it didn’t also lead to job
cuts.  Buffett said: “If you could have a minimum wage of $15
and it didn't hurt anything else, I would love it. But clearly
that isn't the case.”  Many have argued — including the
nonpartisan Congressional Budget Office (CBO) — that raising the
unemployment rate could have dramatic negative impacts on the
economy. The CBO said the $10.10 proposal would increase
earnings for more than 16.5 million people but would also cut
employment by roughly 500,000 jo