Economy

February 18, 2014 6:39 PM

CBO: $10 minimum wage would cut poverty but also jobs

Raising the minimum wage to $10.10 an hour could lift 900,000 Americans out of poverty but also cost a half million jobs, the nonpartisan Congressional Budget Office said Tuesday in a report that’s sure to feed a simmering debate over how to help loft people up the economic ladder.

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