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CBO Predicts Job Losses From Minimum Wage Hike

Feb 18, 2014 (All Things Considered) — The Congressional Budget Office is projecting job losses as a result of a proposed federal minimum wage increase. The raise to the hourly wage has been a cornerstone of President Obama's recent policy speeches. According to predictions by the non-partisan CBO, approximately 500,000 jobs would be lost by late 2016 due to such a law's implementation.

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