Robert Reich : New CBO report showing minimum wage hike could cost jobs flummoxes Republicans . She says CBO has long held what CBO said ; Dems are trying to spin hike as poverty-lowering . Although some will try to shrug that off -- such as @ benadgatemusic , who tweeted at me , `` oh noooooo .03 % of the workforce ! CBO says raising minimum wage could indeed take 500,000 people out of poverty , she says . Cupp asks : Is doing that while potentially losing 900,000 jobs worth it ?
Robert Reich : New CBO report showing minimum wage hike could cost jobs flummoxes Republicans . She says CBO has long held what CBO said ; Dems are trying to spin hike as poverty-lowering . CBO says raising minimum wage could indeed take 500,000 people out of poverty , she says . Cupp asks : Is doing that while potentially losing 900,000 jobs worth it ?