What's actually in the CBO $15/Hr. Fed. Min. Rate Report?
Transcribed from page 3 of U.S. Congressional Budget report regarding the increase of the federal minimum wage rate to $15 per hour in six steps between January 1, 2020, and January 1, 2025, and then be indexed to median hourly wages. All dollars, ($) are 2018 dollars.
I consider HR528 as a good bill. Respectfully, Supposn
https://www.cbo.gov/system/files/2019-07/CBO-55410-MinimumWage2019.pdf
Page 3, July 2019, The effects on employment and family income of increasing The federal minimum Wage, (dollar estimates are 2018 dollars).
Table 1 . Effects of Increasing the Federal Minimum Wage to $15 per hour,
on employment, Income, and Poverty, 2025
Change in Employment in an Average Week (Millions of workers):
Median estimate (-1.3), Low end *, High end (-3.7)
Number of Workers Who Could See Increases in Their Earnings in an Average Week (Millions $): Directly affected workers 17.0, Potentially affected workers d 10.3
Change in Real Annual Income
Families with income below the poverty threshold
Billions $7.7, Percentage 5.3%
Families with income between one and three times the poverty threshold
Billions $14, Percentage 3.5%
Families with income between three and six times the poverty threshold
Billions ($ -2.1), Percentage (-0.1%)
Families with income more than six times the poverty threshold
Billions ($-28.4), Percentage (-0.3%)
All families, Billions ($-8.7), Percentage (-0.1%)
Change in the Number of People in Poverty, Millions (-1.3
Transcribed from page 3 of U.S. Congressional Budget report regarding the increase of the federal minimum wage rate to $15 per hour in six steps between January 1, 2020, and January 1, 2025, and then be indexed to median hourly wages. All dollars, ($) are 2018 dollars.
I consider HR528 as a good bill. Respectfully, Supposn
https://www.cbo.gov/system/files/2019-07/CBO-55410-MinimumWage2019.pdf
Page 3, July 2019, The effects on employment and family income of increasing The federal minimum Wage, (dollar estimates are 2018 dollars).
Table 1 . Effects of Increasing the Federal Minimum Wage to $15 per hour,
on employment, Income, and Poverty, 2025
Change in Employment in an Average Week (Millions of workers):
Median estimate (-1.3), Low end *, High end (-3.7)
Number of Workers Who Could See Increases in Their Earnings in an Average Week (Millions $): Directly affected workers 17.0, Potentially affected workers d 10.3
Change in Real Annual Income
Families with income below the poverty threshold
Billions $7.7, Percentage 5.3%
Families with income between one and three times the poverty threshold
Billions $14, Percentage 3.5%
Families with income between three and six times the poverty threshold
Billions ($ -2.1), Percentage (-0.1%)
Families with income more than six times the poverty threshold
Billions ($-28.4), Percentage (-0.3%)
All families, Billions ($-8.7), Percentage (-0.1%)
Change in the Number of People in Poverty, Millions (-1.3