Getting Americans Back to Work and Good Jobs – Center for American Progress

House Democrats recently unveiled the Moving Forward Act, a bill that would invest $1.5 trillion to modernize America’s physical infrastructure.1 The legislation would get millions of Americans back to work and ensure that communities can make long-overdue improvements to highways and rail and transit systems. In addition, it goes even further to support economic recovery by investing in health care,...

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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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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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