The increase in the Federal minimum wage to $ 15 an hour in 2025 will allow for 17 million Americans, with 1.3 million will lose their seats, the study by the congressional Budget office.
The assessment also showed that 10 million workers raising the level of the minimum wage will cause growth of salary, 1.5 million people will be able to rise from poverty.
The current Federal minimum wage is $ 7.25, although increased over the last 10 years. The report was prepared on the eve of a vote in the House of representatives on the bill on the gradual increase in the Federal minimum to $ 15 per hour by 2024, which will take place next week. Overall, the study refers to “considerable uncertainty” about the impacts of higher wages, because to predict the reaction of employers to the end impossible.