Minimum wage hike to $15 an hour by 2025 would result in 1.4 million unemployed, nonpartisan Congressional Budget Office says - The Washington Post

...Michael Reich, a prominent minimum-wage expert at University of California at Berkeley whose work is cited by the CBO, disputed the report's more pessimistic estimates.
"Studies have found that wage floors have minimal to low effect on level of jobs or for inflation," he said on a call with reporters. "Minimum-wage increases are generally paid for small price increases, mostly in restaurants, but restaurants have increased sales....When low-wage workers get a wage increase they put it to good use — to improve living standards of themselves and their families."...
https://www.washingtonpost.com/business/2021/02/08/minimum-wage-hike-15-an-hour-by-2025-would-result-14-million-unemployed-nonpartisan-congressional-budget-office-says/