$15 Minimum Wage
This is the latest In Fact. Click the left arrow for earlier ones.U.S. Senator Bernie Sanders (I-VT) claims that raising the federal minimum wage to $15/hour will “lift workers out of poverty, not keep them in it.”
IN FACT, estimates from the Congressional Budget Office reveal that raising the minimum wage to $15/hour will:
- increase the average total income of households in poverty by 1%.
- give 81% of the wage increases to families who are already above the poverty line.
- increase inflation, increase taxes, and destroy 1.4 million jobs with a disparate impact on young, less-educated people.
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