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Employment Policies Institute | Employment Policies Institute Responds to New CBO Report on Job Loss and the Minimum Wage

Washington, D.C. – Today the Employment Policies Institute (EPI) released a statement in response to the Congressional Budget Office’s new report that estimates raising the minimum wage to $10.10 per hour will result in 500,000 fewer entry-level jobs. Michael Saltsman, EPI’s research director, released the following statement in response:The new Congressional Budget Office (CBO) report should come as a warning...

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Employment Policies Institute | CBO Reports 3.7 Million Jobs Will Be Destroyed By $15 Minimum Wage

Washington, D.C. – Today, the Employment Policies Institute (EPI) is highlighting the new Congressional Budget Office (CBO) report[1] which estimates that up to 3.7 million jobs would be lost should a federal $15 minimum wage be enacted. The CBO’s mid-point estimate of 1.3 million jobs lost offsets the 1.3 million worker reduction in poverty, and would mean a net reduction in real...

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CBO Warns Federal $15 Minimum Wage Will Cost Up to 3.7 Million Jobs Nationwide

Washington, D.C. (July 8, 2019)—Today, the Congressional Budget Office (CBO) released a report estimating the economic consequences of adopting a federal $15 minimum wage—a policy that is expected to be considered this month in the form of the Raise the Wage Act. The CBO report predicts that up to 3.7 million jobs will be lost as a result of increasing the...

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