Michael Hiltzik: A strong endorsement of the $15 minimum wage from the Congressional Budget Office
The Congressional Budget Office, that nonpartisan arbiter of the impacts of federal legislation, reports that raising the federal minimum wage to $15 an hour would increase the wages of 27 million Americans and lift 1.3 million out of poverty as of 2025.
The CBO also says that the change might cost jobs for 1.3 million workers, though that's the squishiest part of the agency's analysis. Overall, the CBO says, "For most low-wage workers, earnings and family income would increase, which would lift some families out of poverty."
The analysis,
