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$15 Minimum Wage

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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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