CBO Says $15 Federal Minimum Wage Will Cost 1.3 Million Jobs
Reason.com -

Raising the minimum wage to $15 an hour would cost an estimated 1.3 jobs but would also lift more workers above the poverty line, the Congressional Budget Office (CBO) estimates in a report released Monday.

The current federal minimum wage is $7.25 an hour, though most states have minimum wage laws requiring higher pay. Earlier this year, House Democrats introduced a bill to raise the federal minimum wage to $15 per hour by 2025, and most Democrats in the 2020 presidential field have endorsed...

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