Biden Adviser on CBO Saying $15 Minimum Wage Will Cost Jobs: 'We Have a Tendency to Focus on Some of the Big Negatives'

On Monday's "MSNBC Live," White House Counsel of Economic Advisers member Jared Bernstein reacted to the Congressional Budget Office study showing that a $15 minimum wage would cost over 1 million jobs by saying that raising the minimum wage increases wages, "we have a tendency to focus on some of the big negatives," and that "some of the more contemporary minimum wage research," shows that increasing the minimum wage would have a smaller impact on jobs.