Defending the Wage Hike
Featured Coverage of this Story
From the Left
Opinion: GOP’s lame new talking point: Why they’re wrong about the minimum wage and jobsWhen the Congressional Budget Office (CBO) recently released a new report estimating the effects of a higher minimum wage, conservatives pounced on the possibility that a minimum wage hike to $10.10 would cost about 500,000 jobs. But much like their reaction to the recent report about the Affordable Care Act, they are jumping to conclusions far too quickly.
First, there are reasons to be skeptical about the negative employment effect. Many studies find no negative employment effects. A recent report by Demos finds that by stimulating economic growth, a minimum...
From the Center
Wage-Rise Report Sees Fewer Jobs, Less PovertyPresident Barack Obama's quest to raise the federal minimum wage to $10.10 an hour would eliminate about 500,000 jobs by 2016 but increase pay for millions of Americans and lift nearly a million out of poverty, a Congressional Budget Office report found.
The estimates released
From the Right
White House spins minimum wage reportFive hundred thousand jobs.
That’s the number that the nonpartisan Congressional Budget Office says may be lost if President Obama pushes through a raise in the federal minimum wage to $10.10 per hour, from $7.25. The report cranked up the heat online on what has already been a feisty political battle.
AllSides Picks
April 28th, 2024
April 26th, 2024
April 25th, 2024
April 25th, 2024