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    $15 Minimum Wage Would Reduce Poverty But Cost Jobs, CBO Says

    Raising the federal minimum to $15 an hour by 2025 would boost pay for at least 17 million people and cut 1.4 million jobs, according to the non-partisan Congressional Budget Office.
    by Alina Selyukh Feb 08, 2021 1 minute
    An activist wears a "Fight For $15 and a Union" t-shirt at the U.S. Capitol in 2019 as lawmakers took on legislation to raise the federal minimum wage.

    Raising the federal minimum wage to $15 an hour by 2025 would increase wages for at least 17 million people, but also put 1.4 million Americans out of work, according released on Monday.

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