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White House: CBO report on minimum wage costing jobs hike sounds like a freshman economics class

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White House economist Jason Furman rejected the Congressional Budget Office's prediction that a minimum wage increase will cost 500,000 jobs as out of step with the economic consensus. "This is not a piece of original research into the impact of the minimum wage on employment," Furman told reporters during a Tuesday afternoon White House call. "It's completely reasonable to think that it would...

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