CBO: Raising the minimum wage to $10.10 an hour could eliminate 500,000 jobs by 2016 « Hot Air: "So more than 80 percent of the gains in earnings will go to people other than the very poorest, and meanwhile as many as a million people potentially could end up being laid off. When you net out all the income created and lost by this disruption, says CBO, you come up with a modest gain of $2 billion, or about what the feds spend in four hours on a given day."
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