Obamas Policy Takes Unexpected Turn And Immediately Lays Off 200,000 Americans Despite numbers from nonpartisan studies, President Barack Obama and congressional Democrats, as well as Democratic governors across the country, regard a minimum wage hike as a political winner. All three Democratic presidential candidates are running calling for a minimum wage hike. Minimum wages hikes have resulted in over 200,000 layoffs over the past year according to the Federal Reserve Bank of San Francisco. The Fed study comes just less than two years after a study by the Congressional Budget Office asserted that increasing the federal minimum wage to $10.10 per hour would cost 500,000 jobs nationally. Obamas constituency elected him in the hope that he would better their economic situation. Instead, hes left 200,000 without jobs. Rather than relying on minimum wage, people should be working hard to earn themselves the wage they want to live on. Do you think people should be paid according to how much they earn, rather than being given handouts? 