Crazy Cbo News Today

Workers? thats something jared can explain being the resident economist. one thing that hasnt been talked enough about is how this minimum wage hike would just infuse the economy with more money that, for example, these federal -- these people who would benefit from it are going to be able to spend more. and theres another boost to the economy, quote/unquote, thats a lot softer. when you dont have people working two and three jobs just to make ends meet because right now the profile of the feder...

Have a number of states where there are minimum wage measures on the ballot. but im just -- you know, jared, because i got you here, can you just please help me understand and help our audience understand this crazy cbo report and just because we actually give people a wage they can live on doesnt mean necessarily were going to kill jobs. >> right. i dont think the cbo report was crazy. they took an estimate of job loss from minimum wage increases. that was from kind of the high part of the rang...

People indirectly. so 24 million low-wage workers get a wage bump that of course they very much need given the kind of economics weve talked about together for years now, karen, you and i. and let me just say, it is the case that according to cbo, 500,000 jobs would be lost. but remember, in the low-wage labor market, theres a lot of churn. when those workers get their next job, it will be a better job. but 24 million benefit, 500,000 lost. thats a good shake out. >> i think thats incredibly imp...