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CBO Minimum Wage Increase Report has Economist Spilt

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A report from the Capitol Hill scorekeepers shows an increase in the minimum wage could lead to fewer Americans working, or does it? ABC News reports an aide to Speaker John Boehner says the Congressional Budget Office report proves the "real costs" of raising the minimum wage. CBO estimates that an increase to $10.10 an hour could cost as many as a million jobs. But the head of the White House Council of Economic Advisers notes there's a low end to that CBO estimate, as the CBO acknowledges that the employment impact could be essentially zero. With economists split, Jason Furman says it's "completely reasonable" to assume that raising the minimum wage won't cost jobs at all.


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