White House: 493,500 In Minnesota Impacted By Minimum Wage Hike

(Washington, DC) -- Nearly a half-million Minnesotans would benefit from an increase in the federal minimum wage to ten-dollars-ten-cents an hour. The White House estimates 493-thousand-500 in Minnesota would be impacted as President Obama continues to push to increase pay for the poorest Americans. The Obama administration says two-million people nationwide would be raised out of poverty, while 12-million who are under the poverty line now would see their families' incomes go up. The push comes despite a report from the non-partisan Congressional Budget Office that says raising the minimum wage will result in over 500-thousand jobs lost in the U.S.