Dems' proposed minimum wage hike would cost private companies $15B, feds $2M, CBO says

  • by: ALAN FRAM , Associated Press
  • Updated: April 17, 2014 - 1:40 PM

WASHINGTON — A Senate Democratic bill gradually increasing the federal minimum wage to $10.10 hourly would require private businesses to spend $15 billion more in salaries when it takes full effect in 2017, the Congressional Budget Office estimated Thursday.

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