why a 15 dollar minimum wage is bad?

Is a 15 dollar minimum wage good?
The CBO report shows a $15 minimum wage would have massive benefits, and there's good reason to be skeptical about the report's scariest, most headline-grabbing findings. According to the report, increasing the federal minimum wage to $15 by 2025 will do a lot of good : Lift 900,000 people out of poverty. Feb 13, 2021
Full answer in: www.businessinsider.com
More questions like: Is a 15 dollar minimum wage good?
What would happen with a 15 dollar minimum wage?
Raising the federal minimum wage to $15 per hour would increase wages for 17 million U.S. workers, according to the Congressional Budget Office. Another 10 million additional workers earning slightly above $15 per hour would be affected. Feb 24, 2021
Full answer in: www.cnbc.com
Why Raising the minimum wage is bad?
Adding a federally mandated cost in the form of increased minimum wage would lead to longer unemployment, reduced work hours or hiring, and increased layoffs for low- wage workers as businesses balance reduced revenues and increased costs. Jan 27, 2021
Why we shouldn't raise the minimum wage to 15?
A survey found a majority of economists oppose a $15 federal minimum wage. And the Congressional Budget Office (CBO) found it is likely to cost 1.7 million jobs with no corresponding increase in overall wages. It won't help those in poverty. Jan 30, 2021
Full answer in: thehill.com