CBO: $15 Minimum Wage Would Cost 1.4M Jobs by 2025

The non-partisan Congressional Budget Office (CBO) this week estimated that a proposed $15 federal minimum wage would cost 1.4 million jobs by 2025 while lifting 900,000 people out of poverty. It would also increase the federal deficit by $54 billion over a decade, while driving prices higher for goods and services. Read the CBO report. 2/8/2021