Critics of raising the federal minimum wage imply that the benefits would be limited to the approximately 1 million U.S. workers earning $7.25 per hour or less—presumably high school students working part-time. However, projections by the Congressional Budget Office (CBO) and others tell us that lifting the wage floor to $15 by 2025 would benefit more than 20 times as many workers, the vast majority of whom are adults—most working full-time.
Read the issue brief
here.