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CBO’s report on the congressional house’s passed H.R. 258, minimum wage rate proposal.

I'm Supposn

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CBO’s report on the congressional house’s passed H.R. 258, minimum wage rate proposal.

The last minimum wage bill that was proposed and considered in congress, was H.R. 258, “Raise the Wage Act”. It was passed by the Democratic majority house, then passed on to the Republican majority senate, (where it now lies effectively dead).

Refer to the Congressional Budget office’s, (i.e. CBO’s) minimum wage rate report, How Increasing the Federal Minimum Wage Could Affect Employment and Family Income | Congressional Budget Office and follow THE link’s instructions to obtain the HR 258 interactive graphs. Referring to the graph entitled “Change in the Number of People in Poverty”. The graph depicts CBO’s estimates of what would consequentially occur if H.R. 258 had been enacted. Their analysis was for the decade of 2020 through 2029.


The red portions of the bars indicate CBO’s estimates of numbers of our population that would consequential to H.R. 258, be below the poverty level during the decade.

The green portion of the bar indicates the numbers of our population that would consequential to H.R. 258, NOT be below the poverty level during the same decade.
The black line Indicates NET REDUCTION of people at or below the poverty, if HR 258 would have been enacted.

USA's working poor have a greater need for wages of greater purchasing powers rather than public assistance.
Respectfully, Supposn
 

Roadvirus

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The Federal MW needs to be done away with and MW left to individual states.

"One Size Fits All" doesn't necessarily work for everything.
 

I'm Supposn

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Re: CBOs report on the congressional houses passed H.R. 258, minimum wage rate proposal.

The Federal MW needs to be done away with and MW left to individual states.

"One Size Fits All" doesn't necessarily work for everything.
Roadvirus, it’s been a decade since the United States congress passed and the president signed and then enacted our federal minimum wage rate of $7.25 per hour. A federal rate reduces the extent that a state may deliberately or inadvertently undermine the economy of other states.

States and their local governments can, and many do increase the minimum within their jurisdictions. The legal minimum rate is not a uniform rate in every state or in every governments’ jurisdiction within some states. Respectfully, Supposn

 

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Re: CBOs report on the congressional houses passed H.R. 258, minimum wage rate proposal.

Roadvirus, it’s been a decade since the United States congress passed and the president signed and then enacted our federal minimum wage rate of $7.25 per hour. A federal rate reduces the extent that a state may deliberately or inadvertently undermine the economy of other states.

States and their local governments can, and many do increase the minimum within their jurisdictions. The legal minimum rate is not a uniform rate in every state or in every governments’ jurisdiction within some states. Respectfully, Supposn


In the huge majority of cases, hardly any employer anywhere pays it's employees $7.25 per hour. The ones that do truly can't afford to pay more without going out of business and most of them are hiring people under 18.
 

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Re: CBOs report on the congressional houses passed H.R. 258, minimum wage rate proposal.

In the huge majority of cases, hardly any employer anywhere pays it's employees $7.25 per hour. The ones that do truly can't afford to pay more without going out of business and most of them are hiring people under 18.
Moderate Right, participants in these discussion threads thoughtlessly, or with innocent ignorant, or duplicitously limit their remarks to only to only those employees earning the precisely or very close to the $7.25 per hour minimum rate, rather than considering all lower wage rate employees and families dependent upon those low wage rate employees.
The U.S. Bureau of Labor statistics published description of lower wage rate demographics differs with your opinion: https://www.bls.gov/opub/reports/working-poor/archive/a-profile-of-the-working-poor-2013.pdf .

The federal minimum rate substantially affects ALL lower wage rates, but it doesn’t affect them all equally; the extent of the minimum rate’s effect is inversely related to the differences between the minimum’s and the jobs’ rates. The minimum’s effects upon the lowest of the low rates are critical benefit and its benefits are incrementally reduced as the rates incrementally increase.

[The Congressional Budget office’s minimum wage rate analysis reports considered rates less than $20 (in 2018), as being lower wage rates]. Respectfully, Supposn
 
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