Biden is Pushing For $15 Minimum Wage and More Stimulus Money

Biden is Pushing For $15 Minimum Wage and More Stimulus Money

President-elect Joe Biden wants to raise the minimal wage from $7.25 an hour to $15 an hour.

On Thursday, Biden unveiled his $1.9 trillion aid prepare. He known as for doubling the least wage, expressing, ” If you work for considerably less than $15 an hour and function 40 hours a week, you are residing in poverty.”

National Minimal Wage Maximize

The federal minimal wage has been the similar for above 10 decades. The last time it was raised was in July 2009 when the minimum amount wage went from $6.55 per hour to $7.25 for every hour.

In a report produced in 2019, the Congressional Spending plan Business office (CBO) studied the effect of a $15 bare minimum wage on family revenue. The report estimates that the number of people with earnings below the poverty threshold would lessen by 1.3 million. In addition, it would raise the wages of close to 17 million staff.

In 2018, Amazon lifted the minimum wage for all U.S. workers to $15. Goal followed suit in 2020 and elevated its bare minimum wage from $13 for every hour to $15 per…

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