Higher minimum wage would bring mixed bag
- By FederalSoup Staff
- Jul 09, 2019
A new report on raising the federal minimum wage buttresses longtime calls by federal employee unions—and the labor movement generally—for higher wages, but the report also shows that raising pay could cause many to lose their jobs.
The report was issued by the Congressional Budget Office on July 8.
“The federal minimum wage of $7.25 per hour has not changed since 2009, though many states and localities have set their minimum wage above that level,” the CBO states in a summary of the report. “Increasing the federal minimum wage would have two principal effects on low-wage workers.”
“For most low-wage workers, earnings and family income would increase, which would lift some families out of poverty,” CBO said. “But other low-wage workers would become jobless, and their family income would fall—in some cases, below the poverty threshold.”
For details, go to the report at: https://www.cbo.gov/publication/55410.