(Photo Credit: Hello Turkey Toe/Flickr)
The report found proportionate results for a lower hike of $9 an hour: job loss for 100,000 workers, and 300,000 fewer families subsisting below the poverty level.
Needless to say, the report didn't find enthusiastic support from all quarters. The New York Times reports that leading Republicans, unsurprisingly, largely agreed with its findings.
"Raising the minimum wage could destroy as many as one million jobs, a devastating blow to the very people that need help most in this economy," says Senator Mitch McConnell of Kentucky, the Senate minority leader. "If and when Democrats try to push this irresponsible proposal, they should be prepared to explain why up to a million Americans should be kept from having a job."
"I haven't seen Republicans this excited about something that bucked the trend in their favor since the last poll showing Mitt Romney was about to be elected president," Brad Woodhouse tells The Times. Woodhouse is the president of Americans United for Change, a liberal advocacy group. "But sorry to rain on their parade -- one report does not a trend make."
Jason Furman, the chairman of the White House’s Council of Economic Advisers, outright disagreed with the report's findings, saying that it would be "perfectly reasonable" to believe that no jobs would be affected by the change.
Tell Us What You Think
Do you think the U.S. should raise the minimum wage? We want to hear from you! Leave a comment or join the discussion on Twitter.