Minimum Wage Hike Would Help Poverty but Cost Jobs, C.B.O. Says


Would raise the federal minimum wage to 15 bucks an hour. But a new report from the Congressional Budget Office shows that the change would cost 1.4 million jobs and increase the deficit by $54 billion over a decade. CBO says the higher wage would lift 900,000 people out of poverty and raise income levels for 17 million people. It's not clear if the wage hike is going to be included in the final bill. One of the

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