CBO’s report on the congressional house’s passed H.R. 582, minimum wage rate proposal.
The last minimum wage bill that was proposed and considered in congress, was H.R. 582, “Raise the Wage Act”. It was passed by the Democratic majority house, then passed on to the Republican majority senate, (where it now lies effectively dead).
Refer to the Congressional Budget office’s, (i.e. CBO’s) minimum wage rate report, How Increasing the Federal Minimum Wage Could Affect Employment and Family Income | Congressional Budget Office and follow THE link’s instructions to obtain the HR 582 interactive graphs. Referring to the graph entitled “Change in the Number of People in Poverty”. The graph depicts CBO’s estimates of what would consequentially occur if H.R. 582 had been enacted. Their analysis was for the decade of 2020 through 2029.
The red portions of the bars indicate CBO’s estimates of numbers of our population that would consequential to H.R. 582, be below the poverty level during the decade.
The green portion of the bar indicates the numbers of our population that would consequential to H.R. 582, NOT be below the poverty level during the same decade.
The black line Indicates NET REDUCTION of people at or below the poverty, if HR 582 would have been enacted. USA's working poor have a greater need for wages rather than public assistance.
Respectfully, Supposn
The last minimum wage bill that was proposed and considered in congress, was H.R. 582, “Raise the Wage Act”. It was passed by the Democratic majority house, then passed on to the Republican majority senate, (where it now lies effectively dead).
Refer to the Congressional Budget office’s, (i.e. CBO’s) minimum wage rate report, How Increasing the Federal Minimum Wage Could Affect Employment and Family Income | Congressional Budget Office and follow THE link’s instructions to obtain the HR 582 interactive graphs. Referring to the graph entitled “Change in the Number of People in Poverty”. The graph depicts CBO’s estimates of what would consequentially occur if H.R. 582 had been enacted. Their analysis was for the decade of 2020 through 2029.
The red portions of the bars indicate CBO’s estimates of numbers of our population that would consequential to H.R. 582, be below the poverty level during the decade.
The green portion of the bar indicates the numbers of our population that would consequential to H.R. 582, NOT be below the poverty level during the same decade.
The black line Indicates NET REDUCTION of people at or below the poverty, if HR 582 would have been enacted. USA's working poor have a greater need for wages rather than public assistance.
Respectfully, Supposn
