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Biden defends call for minimum wage hike: It s about doing it gradually
From CNN s DJ Judd and Tami Luhby
Taylor Glascock for CNN
President Biden defended his administration’s call to raise the minimum wage to $15 an hour during tonight s town hall.
“The vast majority of the economists and there are studies that show by increasing the minimum wage to $15 an hour, it could have an impact on a number of businesses, but it would be de minimis, et cetera. Here s the deal. It s about doing it gradually, Biden said.
Raising the federal hourly minimum wage to $15 would reduce poverty   but would also cut employment by 1.4 million workers and increase the federal deficit by $54 billion over a decade, according to a Congressional Budget Office report released Monday. ....

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