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Congressional Budget Office Points to Possible Fallouts from Increased Minimum Wage
As the administration presses for raising the federal minimum wage, a nonpartisan analysis issued by the Congressional Budget Office (CBO) examines how the Raise the Wage Act of 2021 would impact facets of the national budget. The same report delves … Continue reading
Posted in Featured News, News, Today's News
Tagged $15 per hour, Biden administration, CBO’s economic forecasting, Congressional Budget Office (CBO), cumulative federal budget deficit, federal minimum wage, government officials, higher-skilled workers, IMPACT, incremental increases, June 2025, low-wage workers, machinery, macro level, national budget, nominal gross domestic product (GDP), nonpartisan analysis, Raise the Wage Act of 2021
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