How Minimum Wage Can Bring Maximum Damage

Anew report from the Congressional Budget Office (CBO) shows that 3.7 million workers could lose their jobs at the hand of a $15 federal minimum wage, while only a third as many would be lifted out of poverty. It's a tradeoff few Americans would be willing to entertain, yet all but three Democratic presidential hopefuls continue to enthusiastically support the measure. Between the House and Senate, 8 in 10 sitting Democratic representatives have signed on to legislation that would raise the federal minimum wage to this insupportably high threshold.