$15 Minimum Wage Would Cut Jobs, Reduce Poverty, CBO Study Finds


Thermostat temperature yesterday, the nonpartisan Congressional Budget Office gave both sides a little bit of ammunition. In this debate, the proponents seized on the CBO data. Phasing in a $15 minimum wage by the year, 2025 would lift 900,000 people out of poverty and boost the pay for 27 million workers. What the critics heard doubling the minimum wage would cost 1.4 million jobs and add $54 billion to the deficit. The CBL ran a similar study in 2019, predicting an increase in pay for 27 million and 1.3 million jobs would be lost in 1.3 million lifted out of poverty. So there you go. So against the backdrop of us this

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