A study published this month by the Congressional Budget Office states that raising the minimum wage to $15 per hour by 2025 will result in 1.4 million employees losing their jobs (giving them an effective wage of $0 per hour) and eliminating 900,000 people from poverty, according to CBNC.
That would mean that the $15 per hour minimum wages would drive a net 600,000 Americans into poverty.
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No one who works fulltime in America should live in poverty. The #FightFor15 is a fight for women, for working families, and for a growing economy that benefits everyone. That’s *our* fight! pic.twitter.com/BfoNgFIMcU
— Nancy Pelosi (@TeamPelosi) February 21, 2021