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$10.10 pay increase may eliminated 500,000 jobs by 2016

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The Congressional Budget Office has released a report that if President Barack Obama's goal to raise the federal minimum wage from $7.25 an hour to $10.00 an hour is accomplished, 500,000 jobs would be lost by 2016, but almost one million people would be lifted out of poverty.

"I don't think the government should be telling employers how much to pay people. The amount of money people earn should be determined by the market," said Nicole Espinosa.

"People who work hard should earn more than what the minimum wage is now. I think it is wrong for employers not to pay people enough to live well," said Carlos Hernandez.

"The problem with a minimum wage is that employers are forced to pay people more than what a job is worth. This means that people who are trying to get established in the workforce have a hard time finding a job," said Stephanie Cruz.

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