Aleteia logoAleteia logo
Aleteia
Tuesday 03 August |
Saint of the Day: St. Martin
home iconNews
line break icon

CBO Chief Backs Report Showing Impacts of Minimum Wage Increase

Gerald R Ford School of Public Policy University of Michigan

Alberto González - published on 02/19/14 - updated on 06/07/17

As Democrats challenge the latest findings, Republicans welcome them as validation of their case.

On Wednesday, Congressional Budget Office (CBO) Director Douglas Elmendorf defended the findings of his group’s report on the impact of raising the minimum wage. Since the report’s publication, Democrats have been attacking the non-partisan CBO for stating that raising the federal minimum wage from $7.25 to $10.10 would result in a loss of 500,000 jobs nationwide.

“We think our estimates are completely consistent with the latest thinking in the economic profession,” Elmendorf told reporters in Washington. “My personal views are completely irrelevant to the work we do,” he added, asserting that Congress hired the office “to do objective analysis.”

The report also mentioned the positive outcomes of the proposed wage hike: 16.5 million Americans would see a rise in their income as a result of the raise.

House Minority Leader Nancy Pelosi (D-Calif.) blasted the report, claiming that its conclusions “contradict the consensus among hundreds of America’s top economists, who predict that a wage hike would actually stimulate the economy, raise demand and job growth, and provide help in job creation.” 

Meanwhile, congressional Republicans embraced the study as corroboration for their arguments against the raise currently being proposed by congressional Democrats and the White House.

A statement from House Speaker John Boehner’s (R-Ohio) office read: “While helping some, mandating higher wages has real costs, including fewer people working. With unemployment being Americans’ top concern, our focus should be creating – not destroying – jobs for those who need them most.”


Alberto González is the Associate Editor of Aleteia’s English edition. His prior endeavors have included working in political campaigns and in the United States Senate. He also maintains an active schedule as a liturgical vocalist and organist.

A native of California, Alberto graduated from the University of California, Berkeley with a B.A. in Music and Political Science. He currently lives in the greater Washington, D.C. area.

Tags:
Economy
Support Aleteia!

If you’re reading this article, it’s thanks to the generosity of people like you, who have made Aleteia possible.

Here are some numbers:

  • 20 million users around the world read Aleteia.org every month
  • Aleteia is published every day in seven languages: English, French, Italian, Spanish, Portuguese, Polish, and Slovenian
  • Each month, readers view more than 50 million pages
  • Nearly 4 million people follow Aleteia on social media
  • Each month, we publish 2,450 articles and around 40 videos
  • We have 60 full time staff and approximately 400 collaborators (writers, translators, photographers, etc.)

As you can imagine, these numbers represent a lot of work. We need you.

Support Aleteia with as little as $1. It only takes a minute. Thank you!

Daily prayer
And today we celebrate...




Top 10
1
Saint Mary of the Angels
Bret Thoman, OFS
All your sins will be forgiven if you go to a Franciscan church o...
2
Ignacio María Doñoro
Francisco Veneto
The military chaplain who pretended to be a criminal to rescue a ...
3
JEDZENIE
Theresa Civantos Barber
The one thing we all should do before this summer ends
4
CARLO ACUTIS
Violeta Tejera
Carlo Acutis’ first stained glass window in jeans and sneak...
5
HIDILYN DIAZ
Cerith Gardiner
Gold-winning Filipina Olympian shares her Miraculous Medal for th...
6
ANTENUCCI
Ary Waldir Ramos Diaz
1st Feast of Our Lady of Silence is August 1
7
SIMONE BILES
Cerith Gardiner
Simone Biles leaves the Olympics with an important lesson for her...
See More
Newsletter
Get Aleteia delivered to your inbox. Subscribe here.