Here’s how many jobs Biden’s proposed $15 minimum wage could kill, according to the Congressional Budget Office
CBO report: Wage hike would reduce business income and raise prices. President-elect Joe Biden’s effort to raise the federal minimum wage from $7.25 to $15 per hour is estimated to kill as many as 3.7 million jobs, according to a recent nonpartisan analysis by the Congressional Budget Office. Based on the CBO’s median estimate,1.3 million workers who would otherwise be employed would be…