House And Senate Dems Introduce Legislation To Raise Federal Minimum Wage

House and Senate Democrats introduced legislation to raise the federal minimum wage to $15.

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:

This would be a complete disaster.

CBO: Biden’s Minimum Wage Increase Will Lead To 1.3 Million Lost Jobs

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