CBO Minimum Wage Increase Report - Business Insider: "A minimum-wage increase to $10.10 — the level advocated by President Barack Obama and Democrats — would cost about 500,000 jobs but raise earnings for more than 16.5 million low-wage workers by 2016, according to a report released Tuesday by the Congressional Budget Office."
The report: http://cbo.gov/sites/default/files/cbofiles/attachments/44995-MinimumWage.pdf
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