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Old 02-19-2021, 05:46 PM   #1273
rubecube
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Quote:
Originally Posted by nfotiu View Post
This CBO study says a 15 min wage implemented over 4 years would put 1.4 million out of work.

https://www.npr.org/2021/02/08/96548...-jobs-cbo-says

There are people who would be hurt by a no exception/across the board min wage increase to $15.
Did you even read this or did you just look at the headline?

Quote:
A phase-in of a $15 minimum wage would also lift some 900,000 out of poverty, according to the nonpartisan CBO. This higher federal minimum could raise wages for an additional 10 million workers who would otherwise make sightly above that wage rate, the study found.

Potential job losses were estimated to affect 0.9 percent of workers, the CBO wrote, adding: "Young, less educated people would account for a disproportionate share of those reductions in employment."
If you're looking at this from a policy perspective, that's absolutely a net win for $15/h minimum wage.
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