$15 Minimum Wage Would Boost 17 Million Workers, Cut 1.3 Million Jobs, CBO Says

People protest for a $15 minimum wage in New York City in 2017.

The Congressional Budget Office analyzed the impact of lifting the $7.25 federal minimum wage to $15 by 2025. The House is expected to vote next week on a bill to lift the federal minimum.

(Image credit: Pacific Press/LightRocket via Getty Images)

$15 Minimum Wage Would Boost 17 Million Workers, Cut 1.3 Million Jobs, CBO Says