This week the debate over raising the minimum wage became a battle of two competing studies. First the White House’s Council of Economic Advisors came out with a briefing that was trumpeted for its claim that we could raise the minimum wage by almost 40 percent (from $7.25 to $10.10 per hour) with no loss in jobs. Then this week the Congressional Budget Office (CBO) released its own, nonpartisan, report which said the proposed minimum raise increase would result in 500,000 fewer jobs.
Read more...The Minimum Wage Debate Should Be About Poverty Not Jobs - Forbes
