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CBO Report Offers Mixed Message on Minimum Wage Hike
Posted By Tamara Lytle On February 20, 2014 @ 4:24 pm In Bulletin Today,Politics,Work | Comments Disabled
A new report  by the Congressional Budget Office offers fodder for both sides of the debate about raising the nation’s $7.25-an-hour minimum wage.
Democrats are cheering the nonpartisan agency’s finding that a proposal to raise the minimum wage to $10.10 would lift about 900,000 low-wage workers out of poverty. But Republicans say that what’s important is the report’s estimate that 500,000 jobs would disappear as businesses adjust to the new wage.
The CBO found smaller impacts from a wage hike to $9 — what President Barack Obama proposed before Senate Democrats moved ahead with a proposal for a $10.10 wage, which is expected to come to a vote next month. Both parties are liable to use the issue in the coming fall election campaigns, so here’s what they’re saying.
AARP has supported  increasing the minimum wage and making sure that pay levels are “sufficient to cover essential living expenses.” About 13 percent of the workers who earn minimum wage or less are 50 or older.
Photo: Thomas EyeDesign /istockphoto
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URL to article: http://blog.aarp.org/2014/02/20/cbo-report-offers-mixed-message-on-minimum-wage-hike/
URLs in this post:
 report: http://www.cbo.gov/publication/44995?utm_source=feedblitz&utm_medium=FeedBlitzEmail&utm_content=812526&utm_campaign=0
 Image: http://blog.aarp.org/wp-content/uploads/2014/02/iStock_000002156288Small.jpg
 Reuters. : http://www.reuters.com/article/2014/02/18/us-usa-wage-cbo-idUSBREA1H1VE20140218
 USA Today: http://www.usatoday.com/story/news/politics/2014/02/18/cbo-minimum-wage-jobs/5582779/
 Politico. : http://www.politico.com/story/2014/02/minimum-wage-hike-cbo-report-103630.html?hp=l4
 New York Times: http://www.nytimes.com/2014/02/19/business/mixed-results-in-us-study-of-increasing-minimum-wage.html?_r=0
 AARP has supported: http://policybook.aarp.org/?intcmp=AE-SEARCH-AARPSUGG-public-policy-book
 Thomas EyeDesign: http://www.istockphoto.com/user_view.php?id=705622
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