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Minimum-wage hike would reduce poverty, but might cost 500,000 jobs, Congressional Budget Ofice reports

by Zachary A Goldfarb

President Obama’s proposal to raise the minimum wage to $10.10 an hour would increase earnings for 16.5 million low-wage Americans but cost the nation about 500,000 jobs, congressional budget analysts said Tuesday.

  • World Hunger Education
    Service
    P.O. Box 29015
    Washington, D.C. 20017

  • About WHES & Hunger Notes
    For the past 40 years, since its founding in 1976, the mission of World Hunger Education Service is to undertake programs, including Hunger Notes, that
    • Educate the general public and target groups about the extent and causes of hunger and malnutrition in the United States and the world
    • Advance comprehension which integrates ethical, religious, social, economic, political, and scientific perspectives on the world food problem
    • Facilitate communication and networking among those who are working for solutions
    • Promote individual and collective commitments to sustainable hunger solutions.