CBO report finds $15 minimum wage would cost jobs but lower poverty levels - News Summed Up

CBO report finds $15 minimum wage would cost jobs but lower poverty levels


ADRepublicans have pushed back heavily against the $15 minimum-wage proposal, saying it would kill jobs and hurt small businesses. The $7.25 federal minimum wage has not been changed since 2009 and remains below historic levels when adjusted for inflation, despite gains in worker productivity. ADSupporters of increasing the minimum wage highlighted the CBO’s findings about poverty reduction. Public opinion surveys have found wide support among Americans for raising the federal minimum wage to $15 an hour. ADADBiden said in the CBS interview that he was prepared for a “separate negotiation” that would raise the minimum wage.


Source: Washington Post February 08, 2021 16:38 UTC



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