Congressional Budget Office: Wage hike would lift pay but cost jobs

A plan by President Obama and fellow Democrats to increase the minimum wage to $10.10 an hour would cost roughly 500,000 jobs but increase wages for roughly 16.5 million Americans, the nonpartisan Congressional Budget Office said Tuesday.
The report was immediately met with sharp Republican criticism..http://www.foxnews.com/politics/2014/02/18/hill-budget-office-wage-hike-would-lift-pay-but-cost-jobs/