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Today the Congressional Budget Office released their analysis of proposals to increase the minimum wage, saying the hike would lift 16.5 million out of poverty but could cost 500,000 low-wage jobs. While Speaker John Boehner’s office focused on the job losses, as did other conservatives, the Center for American Progress’ David Madland and Keith Miller cite five other academic studies of real world cases that suggest any job losses would be negligible. Is helping 97% of low-wage workers worth the cost to the 3% and the cost to business owners?