Minimum wage hike will kill jobs, warns Gates

Microsoft founder and philanthropist Bill Gates has some news that doesn’t bode well for Obama’s current, fascist push. With the president not only mandating a $10.10 minimum wage for federal contractors and pushing for that nationwide as well as forcing businesses to pay overtime pay to salaried employees earning under $50,000 per year, Gates has a warning that Obama will not like: Hiking the minimum wage will hasten automation. [More]