Entering text into the input field will update the search result below

CBO outlines effects of $15 minimum wage

Jul. 09, 2019 4:03 AM ETBy: Yoel Minkoff, SA News Editor39 Comments
  • Raising the pay floor to $15 per hour by 2025 would boost wages for 17M American workers, but 1.3M people would lose jobs, according to the nonpartisan Congressional Budget Office.
  • House Democrats led by Rep. Bobby Scott, D-Va., have already introduced a bill to gradually raise the federal minimum wage to $15 per hour, called the Raise the Wage Act, and could vote on the legislation later this month.
  • It's expected to pass, though the GOP-held Senate won't likely take it up. President Trump could also oppose it.

Recommended For You