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CBO Not Competent To Assess Economics Of Minimum Wage


CBO Not Competent To Assess Economics Of Minimum Wage
Post laments that a $15 minimum wage would (according to CBO) eliminate about 1.4 million jobs when fully in effect, with half of the job losers leaving the workforce. Because of the projected fall in employment, the CBO also calculates that a $15 minimum wage would increase federal budget deficits by $54 billion dollars over ten years while adding $16 billion to federal interest costs.
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This note examines the so-called data: should they be taken seriously
as economics? Without in any way criticizing the competence of CBO’s ....

United States , Alan Krueger , Enrique Garcilazo , David Card , Jamesk Galbraith , Washington Post , Princeton University Press , Princeton University , Congressional Budget Office , A Congressional Budget Office , Congressional Budget Office Report , Wage Act , Must Listen , Affordable Care Act , Earned Income Tax Credit , Nazionale Del Lavoro Quarterly Review , Institute For New Economic Thinking , Ineteconomics Org , Minimum Wage , Higher Minimum Wage , 15 Dollars An Hour , Cost Of Higher Minimum Wage , Effects Of Higher Minimum Wage , ஒன்றுபட்டது மாநிலங்களில் , ஆலன் க்ரூகர் , டேவிட் அட்டை ,