Raising the federal minimum wage to $15 could cost more than a million workers their jobs, according to a report released Monday by the Congressional Budget Office. The House of Representatives will soon vote on the Raise the Wage Act, but the CBO report’s findings will likely further split Republicans and Democrats on the issue—because
New York City Mayor Bill de Blasio vowed that he and his staff would boycott McDonald’s until the fast-food chain raises its minimum hourly wage to $15. De Blasio made the promise on Thursday while attending a planned labor strike in Iowa during a presidential campaign visit, Politico reported. His small campaign team of six
Nearly three-quarters of economists oppose raising the federal minimum wage to $15 an hour, according to an Employment Studies Institute (ESI) study released Tuesday, as House Democrats continue to push the issue in Congress. House Democrats advanced the Raise the Wage Act out of committee Wednesday on a 28-20 party-line vote, priming the bill
Some New Yorkers are displeased with one of the more predictable outcomes of a $15 minimum wage—restaurants all over the city are raising their prices, according to the New York Post. The city’s minimum wage went up to $15 from $13 or $13.50 at the beginning of 2019, boosting the paychecks for numerous lower-wage workers.