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CBO Chief Defends Minimum Wage Analysis Against White House Criticism

AP Photo / Jacquelyn Martin

"A balanced reading of the set of research studies in this area led us to conclude that an increase in the minimum wage would probably have a small negative effect on employment," the CBO chief said. "But there was substantial uncertainty around that estimate, as we reported."

Elmendorf said the finding was "completely consistent with the balance of the evidence" available to economists.

While taking issue with the jobs statistic, the White House touted other findings in the CBO report which said raising the wage would give 16.5 million low-wage workers a pay raise and lift about 900,000 out of poverty.