Hiking Minimum Wage to $15 Would Boost Millions, Report Says

The report was released from the nonpartisan Congressional Budget Office.

  • Published 8 July 2019
Image via Jason Kolenda / Shutterstock

This article was republished here with permission from The Associated Press, however it is no longer available to read on Snopes.com.

WASHINGTON (AP) — Gradually raising the federal minimum wage to $15 an hour would boost pay for as many as 27 million workers, but it could also cost as many as 1.3 million jobs by 2025, according to a report released Monday from the nonpartisan Congressional Budget Office. That’s the trade-off facing House Democrats as they prepare to vote on legislation to raise the wage, a top issue for lawmakers and the party’s 2020 presidential…

Read at AP News