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CBO Not Competent To Assess Economics Of Minimum Wage Post laments that a $15 minimum wage would (according to CBO) eliminate about 1.4 million jobs when fully in effect, with half of the job losers leaving the workforce. Because of the projected fall in employment, the CBO also calculates that a $15 minimum wage would increase federal budget deficits by $54 billion dollars over ten years while adding $16 billion to federal interest costs. Please share this article - Go to very top of page, right hand side, for social media buttons. This note examines the so-called data: should they be taken seriously as economics? Without in any way criticizing the competence of CBO’s

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