The CP creates massive unemployment.
Burk et. al '19 – (David Burk, Nabeel Alsalam, William Carrington, and Justin Falk; Congressional Budget Office; "The Effects on Employment and Family Income of Increasing the Federal Minimum Wage"; June 2019; https://www.cbo.gov/system/files/2019-07/CBO-55410-MinimumWage2019.pdf) NT-ML
The federal minimum wage is $7.25 per hour for most workers. The Congressional Budget Office examined how increasing the federal minimum wage to $10, $12, or $15 per hour by 2025 would affect employment and family income.
• In an average week in 2025, the $15 option would boost the wages of 17 million workers who would otherwise earn less than $15 per hour. Another 10 million workers otherwise earning slightly more than $15 per hour might see their wages rise as well. But 1.3 million other workers would become jobless, according to CBO’s median estimate. There is a two thirds chance that the change in employment would be between about zero and a decrease of 3.7 million workers. The number of people with annual income below the poverty threshold in 2025 would fall by 1.3 million.