![]() "The set of affected programs is broader than those included in some other analyses for example, this report includes effects on spending for major health care programs, unemployment compensation and Social Security," it said. Its latest analysis took into account the impact of a higher minimum wage on businesses, prices, income distribution and employment. When contacted for comment, the CBO referred Newsweek to sections of its report that described how, over the past two years, it had developed the capacity to analyze "the behavioral effects for minimum-wage legislation." ![]() Ro Khanna pushed back at the federal agency, tweeting: "This CBO analysis is not by leading economists in the field." Michael Burgess (R-TX) tweeted: "Washington needs to be putting forward solutions that will get Americans back to work not putting them out of a job."Īfter the White House described the projected job losses as "overstated," however, California Rep. Virginia Foxx of North Carolina have seized on the CBO report as evidence that a minimum wage increase would kill jobs. There would also be a budget deficit increase of $54 billion over the next 10 years, because of higher government costs through unemployment insurance and health care spending.Īs Democrats push to include the increase in their $1.9 trillion relief bill, the report may turn off moderate lawmakers in the party. This amounts to a 0.9 percent decrease in employment. The CBO has warned that raising the minimum wage could cost jobs. Please submit a cover letter, a résumé, salary history, a writing sample demonstrating expertise, unofficial transcripts, and contact information for three references online at For best consideration apply by March 30, 2020.A protest in Herald Square, New York calls for the minimum wage for fast food workers to be raised to $15 dollars an hour. They are encouraged to pursue independent research projects related to CBO’s broad mission and present this work at conferences and publish it in peer-reviewed journals. The I/O Economist will analyze health care policies using expertise about auctions and market design-especially through contributions to CBO’s health insurance simulation model.ĬBO analysts address challenging substantive issues in economics and public policy while working in a collegial environment that provide opportunities for research on topics relevant to the agency’s endeavors. The Unit Chiefs will manage direct analyses of either labor markets, education, and income security programs or of climate change and the environment, energy, transportation, and other infrastructure. The Director of Health, Retirement, and Long-Term Analysis provides intellectual and managerial leadership for about 30 analysts, with a primary focus on health care. The Chief Economist provides managerial support to the leaders to support the objectivity, insightfulness, and overall quality of the agency’s analyses. ![]() Positions require excellent quantitative skills, strong writing ability, and an interest in working on issues of current legislative priorities to the Congress. CBO, a nonpartisan agency that provides Congress with the objective, timely analyses needed for economic and budgetary decisions seeks economists who have a broad range of policy interests.
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