New CBO Report On Government-Mandated $15 Minimum Wage
Senator Bernie Sanders has aggressively made the case for a $15 minimum wage. This morning’s new Congressional Budget Office report shows that, contrary to Sanders’ rhetoric, a $15 minimum wage will have a devastating impact on the country’s employers and employees. Q4 2020 hedge fund letters, conferences and more Specifically, the higher minimum wage would eliminate 1.4 million jobs. In fact, the policy would leave 500,000 more people jobless than it would pull out of poverty. Below are some key takeaways from the CBO's new report, which updates its 2019 analysis for new economic projections ...