House and Senate Democrats introduced legislation to raise the federal minimum wage to $15.
JUST IN: House and Senate Democrats introduce legislation to raise the federal minimum wage from $7.25 to $15 by 2025. pic.twitter.com/yW9hGZmmYK
— NBC Politics (@NBCPolitics) January 26, 2021
From NBC:
Democrats in Congress are looking to advance their longstanding goal of raising the federal minimum wage to $15 an hour, introducing legislation Tuesday that would do so over five years.
“In the richest country in the history of the world, if you work 40 hours a week, you should not be living in poverty,” Sen. Bernie Sanders, I-Vt., the incoming chairman of the Senate Budget Committee, told reporters. “Minimum wage must be a living wage, enabling people to live with dignity. It is unacceptable that Congress has not passed an increase in the minimum wage since 2007 — 14 years ago.”
Biden also supports it:
From CNN:
The measure, which is also included in President Joe Biden’s $1.9 trillion relief package, calls for gradually increasing the hourly wage in increments until it hits $15 in 2025. After that, it would be indexed to median wage growth — a move meant to guarantee wages keep up with inflation without needing new legislation.
GOP Rep Mike Kelly explained what this would actually do:
It’s not about minimum wage, it’s about maximum opportunity. This bill would lead to fewer entry level jobs and higher prices. Also, many small businesses that have managed to survive Democrat lockdowns would close for good. https://t.co/zwUf0Xk6Gm
— Rep. Mike Kelly (@MikeKellyPA) January 26, 2021
This would be a complete disaster.
CBO: Biden’s Minimum Wage Increase Will Lead To 1.3 Million Lost Jobs
The Palmieri Report is a Pro-America News Outlet founded by Jacob Palmieri four years ago at the age of 19. Since its founding, it has gotten over 2M pages views and over 20k followers. The Palmieri Report is dedicated to giving people the truth so that they can form their own informed political opinions.
