Wage hike could raise wages for 16.5 million - KNOE 8 News; KNOE-TV; KNOE.com |

Wage hike could raise wages for 16.5 million

Posted: Updated:
© MGN Online © MGN Online

WASHINGTON (KNOE 8 News/AP) - Congress' nonpartisan budget analyst says raising the federal minimum wage as President Barack Obama and Democrats want would raise earnings for more than 16.5 million people by 2016. But it would also reduce employment by roughly 500,000 workers.

The Congressional Budget Office analysis comes as the Senate prepares to debate a Democratic plan to gradually increase the current $7.25 minimum wage to $10.10 an hour in 2016.

The budget office analysis examined the impact such a plan would have by 2016, when the increase would take full effect.

The analysts said their estimate of employment losses was approximate. They said the actual impact could range from a very slight employment reduction to a loss of 1 million workers.

Democrats say the wage boost would help workers. Republicans have warned it would cost jobs.

  • Most Popular StoriesMost Popular StoriesMore>>

  • West Monroe man arrested for meth possession

    West Monroe man arrested for meth possession

    Sunday, July 27 2014 9:09 PM EDT2014-07-28 01:09:38 GMT
    WEST MONROE, La. (KNOE 8 News) - West Monroe Police arrested a man early Sunday morning for possession of drugs.
    WEST MONROE, La. (KNOE 8 News) - West Monroe Police arrested a man early Sunday morning for possession of drugs.
  • Retired deputy drowns trying to save terrier

    Retired deputy drowns trying to save terrier

    Sunday, July 27 2014 8:43 PM EDT2014-07-28 00:43:53 GMT
    Ret. Lt. Sam Vitter (Source: APSO)Ret. Lt. Sam Vitter (Source: APSO)
    PRAIRIEVILLE, La. (AP) - The Ascension Parish Sheriff's Office says a recently retired deputy has drowned trying to rescue his Yorkshire terrier.
    PRAIRIEVILLE, La. (AP) - The Ascension Parish Sheriff's Office says a recently retired deputy has drowned trying to rescue his Yorkshire terrier.
  • Areas of West Monroe test positive for West Nile

    Areas of West Monroe test positive for West Nile

    Friday, July 25 2014 4:31 PM EDT2014-07-25 20:31:42 GMT
    OUACHITA PARISH, La. (KNOE 8 News OPMAD) - Three mosquito pools, representing three locations, have tested positive for West Nile virus in Ouachita Parish.
    OUACHITA PARISH, La. (KNOE 8 News OPMAD) - Three mosquito pools, representing three locations, have tested positive for West Nile virus in Ouachita Parish.
  • MPD investigate Friday night rape report

    MPD investigate Friday night rape report

    Saturday, July 26 2014 6:05 PM EDT2014-07-26 22:05:59 GMT
    MONROE, La. (KNOE 8 News) - Monroe Police are investigating a reported rape from Friday night.
    MONROE, La. (KNOE 8 News) - Monroe Police are investigating a reported rape from Friday night.
  • Juvenile shot after leaving party in South Monroe

    Juvenile shot after leaving party in South Monroe

    Saturday, July 26 2014 6:19 PM EDT2014-07-26 22:19:25 GMT
    MONROE, La.(KNOE 8 News) - Police are investigating a shooting from South Monroe early Saturday morning.
    MONROE, La.(KNOE 8 News) - Police are investigating a shooting from South Monroe early Saturday morning.
  • Clerk wrestles gun away from armed robbery suspect

    Clerk wrestles gun away from armed robbery suspect

    Saturday, July 26 2014 4:40 PM EDT2014-07-26 20:40:24 GMT
    MONROE, La. (KNOE 8 News) - Police are investigating an attempted armed robbery where a clerk fought a gun away from a suspect.
    MONROE, La. (KNOE 8 News) - Police are investigating an attempted armed robbery where a clerk fought a gun away from a suspect.
  • Group protests illegal immigration in Monroe

    Group protests illegal immigration in Monroe

    Saturday, July 26 2014 6:29 PM EDT2014-07-26 22:29:54 GMT
    MONROE, La. (KNOE 8 News) - On Saturday, a small group took to the streets of the Twin Cities, to protest illegal immigration. They call themselves, Three Percenters. They say they are dedicated to action, education and reform of government, they believe has gotten too large to effectively operate. 
    MONROE, La. (KNOE 8 News) - On Saturday, a small group took to the streets of the Twin Cities, to protest illegal immigration. They call themselves, Three Percenters. They say they are dedicated to action, education and reform of government, they believe has gotten too large to effectively operate. 
  • Jamie Mayo running as the lone democrat, says he's a moderate

    Jamie Mayo running as the lone democrat, says he's a moderate

    Sunday, July 27 2014 6:40 PM EDT2014-07-27 22:40:16 GMT
    MONROE, La. (KNOE 8 News) - Most know him as Monroe's mayor, but Jamie Mayo is also the lone democrat in the Fifth Congressional District race. Mayo says he has the ability to unite people across party and racial lines and continuing in our candidate profiles we sat down with the mayor to discuss some issues he'll face on the campaign trail.
    MONROE, La. (KNOE 8 News) - Most know him as Monroe's mayor, but Jamie Mayo is also the lone democrat in the Fifth Congressional District race. Mayo says he has the ability to unite people across party and racial lines and continuing in our candidate profiles we sat down with the mayor to discuss some issues he'll face on the campaign trail.
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KNOE. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.