Raise Minimum Wage to $15: Lift 1.3M from Poverty, Kill 1.3M Jobs, CBO Says

from Bill Whittle

Democrats say they have 200 votes in the House to raise the federal minimum wage from $7.25/hour to $15. But a new study from the non-partisan Congressional Budget Office (CBO) says that in addition to lifting 1.3 million households above the official poverty line, raising the minimum wage would kill up to 3.7 million jobs. Even if you think low-paid workers should make more, is there a better way to do it than with the long-arm of the federal government?

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