New Report on Minimum Wage
Published February 19th, 2014
The Congressional Budget Office released a new analysis of possible federal minimum wage hike.
The CBO report finds a minimum wage hike would boost the incomes of low-wage workers, but would also mean a job loss for some.
The say gradually raising the minimum wage to 10 dollars and 10 cents an hour could reduce total employment by about 500,000 workers.
The agency say the job loss could be less or even could reach as high as a million.
But overall, the CBO says a minimum wage hike would mean a boost for low income workers.
Democrats have been pushing for the hike for some time now.
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