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发帖数: 61690 | 1 White House: CBO's wage report flawed
By Erik Wasson
The White House on Tuesday pushed back on a new Congressional Budget Office
(CBO) report that found raising the minimum wage to $10.10 would cost 500,
000 jobs by 2016.
Jason Furman, the chairman of the White House's Council of Economic Advisers
, said the CBO's finding is flawed.
“CBO’s estimates of the impact of raising the minimum wage on employment
does not reflect the current consensus view of economists,” he said in a
blog post. “The bulk of academic studies, have concluded that the effects
on employment of minimum wage increases in the range now under consideration
are likely to be small to nonexistent."
Furman highlighted the positive findings of the CBO report, starting with
the estimate that 16.5 million workers would see their incomes boosted
because of an increase in the minimum wage. The report also found a wage
hike would lift 900,000 people out of poverty.
He told reporters that the CBO report is overall a positive for raising the
minimum wage, and said it would not diminish the broad public support for an
increase.
"Sometimes you have to have a respectful disagreement among economists,"
Furman told reporters. “I think a lot of economists who have looked at [the
] literature would summarize it differently than CBO has done here."
The minimum wage analysis is the second CBO report in February to create a
political headache for the White House.
Read more: http://thehill.com/blogs/on-the-money/budget/198631-white-house-pushes-back-on-cbo-minimum-wage-report#ixzz2tilz8HgK
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