Congressional Budget Office

Flickr Creative Commons Steve Rhodes

A new report from the Congressional Budget Office shows increasing the federal minimum wage to $15 an hour would boost the wages of 17 million workers and lift about 1.3 million people out of poverty. But the CBO warns that could also result in more than one million lost jobs and could diminish overall income for others. 

The report comes as Congressional Democrats prepare to vote on the first increase in the federal minimum wage in a decade. It’s a move that could have tremendous impact in the Ohio Valley, where low-wage service sector jobs are replacing higher earning positions in manufacturing and mining in many communities.