Biden minimum wage hike plan would have mixed results: study | The Guardian Nigeria News


(FILES) In this file photo US President Joe Biden prepares to sign executive orders on affordable healthcare in the Oval Office of the White House in Washington, DC, on January 28, 2021. – A group of 10 Republican senators have written President Joe Biden to propose an alternative to his massive Covid-19 relief plan, arguing that their approach could garner the bipartisan support he has said he seeks.<br />Senator Susan Collins, a moderate Republican from Maine, said on Twitter that she had joined the group, which asked the president in a letter on January 29, 2021 for a meeting to discuss their plan. (Photo by MANDEL NGAN / AFP)

US President Joe Biden’s proposed minimum wage increase would cut 1.4 million jobs but lift 900,000 people out of poverty, according to a study released Monday.

The proposal also would boost wages for another 27 million workers, according to a report by the Congressional Budget Office, that showed the overall increase in earnings outweighs those lost…

Source: Guardian Newspaper