Could Raising The Minimum Wage Cause Job Cuts?

Raising the minimum wage to $10.10 an hour would be good for some and bad for others.

FOX News Radio’s Jared Halpern had more from the White House:

A Federal minimum wage of $10.10 an hour would lift nearly 900,000 people from poverty by 2016 and increase pay for more than 16 million. But analysis from the Congressional Budget Office also projects the wage hike could mean employers cut roughly half a million jobs– an estimate which White House economic adviser Jason Furman respectfully disagrees.

Furman: “CBO acknowledges that the employment impact could be essentially zero.”

Still, Republicans are pouncing on the report. Senate Minority Leader Mitch McConnell saying the minimum wage proposal is a ‘devastating blow’ to the very people that need help the most.

At the White House, Jared Halpern, FOX News Radio.

Click HERE to read more from the Congressional Budget Office