CBO Predicts Job Losses From Minimum Wage Hike

February 18, 2014

The Congressional Budget Office is projecting job losses as a result of a proposed federal minimum wage increase. The raise to the hourly wage has been a cornerstone of President Obama’s recent policy speeches. According to predictions by the non-partisan CBO, approximately 500,000 jobs would be lost by late 2016 due to such a law’s implementation.