House Democrats Continue Push For $15 Minimum Wage Increase

[DonViejo]

by Derek Major February 10, 202156

House Democrats are continuing to push for a $15 minimum wage in their coronavirus stimulus package despite it being unclear if the effort will survive Senate consideration.

The provision, which is written in the House and Labor committees’ portion of the bill, would gradually increase the minimum wage over the next four years to $15 an hour in 2025. The last time the minimum wage was increased was in 2007.

The Congressional Budget Office released a report last week stating the minimum wage increase will lead to 1.4 million jobs being cut in 2025. However, the same report said 17 million Americans would see a pay increase as well as another 10 million currently making slightly above the current minimum wage.

“The CBO’s report strengthens the case for gradually raising the minimum wage through the COVID-19 rescue package,” said House Education and Labor Committee Chairman Bobby Scott, according to CBS News. “This nonpartisan report shows that increasing the minimum wage will act as a direct and targeted stimulus for struggling workers and their families.”

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https://www.blackenterprise.com/house-democrats-continue-push-for-15-minimum-wage-increase/

[Wounded Bear]

1. Go big or go home...nt

[BSdetect]

2. Some info re other countries where a decent minimum wage does not cause economic catastrophy

Australia $19.84 per hour

What is the current national minimum wage? The national minimum wage is currently $19.84 per hour or $753.80 per 38 hour week (before tax). Casual employees covered by the national minimum wage also get at least a 25% casual loading.

[Wounded Bear]

3. Any study I've seen shows more job shifting than job loss due to MW increases...

plus there's the old incentive thing. Higher wages attract more applicants and workers. Why get off welfare if the only jobs out there pay starvation wages?

Seattle has one of the highest minimum wage in the US and they're humming along pretty well.