Congressional Budget Office: CBO Updates Its Interactive Tool for Analyzing the Effects of Federal Minimum-Wage Increases

Congressional Budget Office: CBO Updates Its Interactive Tool for Analyzing the Effects of Federal Minimum-Wage Increases . “Today, CBO updated its interactive tool—initially released in November 2019—that allows users to create custom policy options to examine how different approaches to changing the minimum wage would affect earnings, employment, family income, and poverty. The estimates shown in the tool were generated using the same methods underlying CBO’s most recent reports on minimum-wage increases: The Budgetary Effects of the Raise the Wage Act of 2021, published in February 2021, and The Effects on Employment and Family Income of Increasing the Federal Minimum Wage, published in July 2019.”

Congressional Budget Office: CBO Releases an Interactive Tool and Related Computer Code for Analyzing the Effects of Federal Minimum-Wage Increases

Congressional Budget Office: CBO Releases an Interactive Tool and Related Computer Code for Analyzing the Effects of Federal Minimum-Wage Increases. “Today, CBO released an interactive tool that allows users to explore the effects of policies that would increase the federal minimum wage, including the Raise the Wage Act (as passed by the House of Representatives on July 18, 2019) and options CBO analyzed in The Effects on Employment and Family Income of Increasing the Federal Minimum Wage. Users can also create custom policy options to examine how different approaches to changing the minimum wage would affect earnings, employment, family income, and poverty.”