$15 Minimum Wage Would Boost 17 Million Workers, Cut 1.3 Million Jobs, CBO Says

[applegrove]

$15 Minimum Wage Would Boost 17 Million Workers, Cut 1.3 Million Jobs, CBO Says

https://www.npr.org/2019/07/08/739607964/-15-minimum-wage-would-boost-17-million-workers-cut-1-3-million-jobs-cbo-says?utm_campaign=npr&utm_term=nprnews&utm_medium=social&utm_source=twitter.com

Alina Selyukh at NPR

"SNIP.....

Raising the federal minimum wage to $15 an hour by 2025 would increase the pay of at least 17 million people, but also put 1.3 million Americans out of work, according to a study by the Congressional Budget Office released on Monday.

The increased federal minimum could also raise the wages of another 10 million workers and lift 1.3 million Americans out of poverty, according to the nonpartisan CBO. The current federal minimum wage is $7.25 and last increased a decade ago.

The budget watchdog's report comes ahead of next week's vote in the House of Representatives on a bill to gradually raise the federal minimum to $15 an hour by 2024.

......

The CBO predicted much bigger job losses than House Democrats, who have pushed for the $15 minimum wage, expected. The study cited "considerable uncertainty" about the impact, because it's hard to know exactly how employers would respond and to predict future wage growth.

.....SNIP"

[SunSeeker]

1. If they were paid a living wage, they wouldn't need to work 2 jobs--- so we would need as many jobs.

[applegrove]

2. That makes too much sense, too much sense for this hour of the morning.

Now i am fully awake!!!

[Buzz cook]

4. Working two jobs has more to do

With employers not having to pay benefits to part timers. People work two jobs because they can't get 40 hours from one employer.

[applegrove]

5. That is true. But i often worked two jobs in my twenties. I did that because

i needed the money and i liked to work.

[Buzz cook]

3. That claim is repeated all the time AND

it is always wrong. Raising the minimum wage doesn't cost jobs, with the exception of a brief reduction in teen hiring.

When I first got on the web in 95 one of the first discussions I was in was about the minimum wage. The same arguments against it now were used back then. And all the fear mongering never yielded any results.