CBO on a Minimum-Wage Hike

From a new report:

Once fully implemented inwards the minute one-half of 2016, the $10.10 alternative would trim down amount occupation past times virtually 500,000 workers....The increased net for low-wage workers resulting from the higher minimum wage would amount $31 billion, past times CBO’s estimate. However, those net would non larn exclusively to low-income families, because many low-wage workers are non members of low-income families. Just nineteen per centum of the $31 billion would accrue to families amongst net below the poverty threshold, whereas 29 per centum would accrue to families earning to a greater extent than than 3 times the poverty threshold.

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