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CBO Not Competent to Assess Economics of Minimum Wage

An â€œunreliableâ€ report claiming that raising the minimum wage would reduce jobs

James K. Galbraith •ï¿½February 16, 2021

•ï¿½1,800 Words •ï¿½158 Comments • Reply

A Congressional Budget Office Report on the Raise the Wage Act of 2021 underpins a February 11 Washington Post editorial headlined, â€œDemocrats Must Listen to the Data.â€ The 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... Read More

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