A $15 federal minimum wage would lift 1.3 million Americans out of poverty but cost as many their jobs, a nonpartisan government report finds
WASHINGTON—Increasing the national minimum wage to $15 an hour would deliver a raise for millions of U.S. workers but could also cost 1.3 million Americans their jobs, according to a government forecast that complicates congressional Democrats’ push to more than double the federal pay floor.
If the federal minimum wage were raised to $15 an hour in 2025, as House Democrats have proposed, a significant number of Americans would likely lose their jobs, a study released Monday by the nonpartisan Congressional Budget Office found.
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