February 19, 2014


Minimum Wage Hike Unlikely This Year

First Read: "Politically, the CBO report suggests that passing a minimum-wage hike won't be easy this year. Republicans can use the report to push back against Democrats demanding the increase. Of course, there's a potential compromise here: Like we saw in 1996, the White House and the GOP-led Congress could reach an agreement to increase the minimum wage but also provide protections for businesses -- as a way to soften any threat of job losses. Then again, compromise hasn't been an easy thing either these last few years. However, there is a danger here for Republicans, too: They don't want repeat the Mitt Romney mistake of just looking out for the concerns of business owners."

Wonk Wire: Will an increase in the minimum wage really hurt jobs? A test case of the restaurant industry suggests it won't.










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