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Nets Ignore CBO Report: $15/Hour Could Cost Almost 4 Million Jobs


***To read the full blog, please check out the complete post on NewsBusters***

In a 48-page report out Monday, the non-partisan Congressional Budget Office released their analysis of the Democratic “Raise the Wage Act” to increase the minimum wage to $15 per hour. One of the main takeaways from the report was that almost 4 million jobs (3.7 million) could be eliminated by 2025. Of course, since the liberal media have backed this Democratic Party effort, none of the network evening newscasts (ABC’s World News Tonight, CBS Evening News, and NBC Nightly News) reported the CBO’s findings.

“A report by the Congressional Budget Office says increasing the minimum wage to $15 an hour could give 17 million people a raise and lift 1.3 million people out of poverty,” reported fill-in anchor and Fox News chief White House correspondent John Roberts during Monday’s Special Report. It’s interesting that the networks didn’t even try to spin the findings with those points.

Robert’s news brief of the report also noted that millions of jobs could be at risk if the Democratic bill was enacted. “But it could also eliminate jobs for between 1.3 million and 3.7 million people. The Democrat-run House is expected to vote on the minimum wage increase later this month, but it is unlikely that the Republican-held Senate would take up the bill,” he added.


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