What Will Happen if the Minimum Wage Increases?

February 21, 2014

This week, the non-partisan Congressional Budget Office (CBO) released a report saying that the proposal to increase the minimum wage to $10.10 an hour in 2016 would cost the creation of 500,000 jobs in 2016. While they did conclude that millions of families would be lifted out of poverty, they cautioned there would be real losers by adding people to the roles of the unemployed and underemployed.

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