President Biden is pushing to raise the minimum wage to $15. Here's how that would affect the economy.
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WASHINGTON – Democrats who now control Congress are proposing to raise the federal minimum hourly wage to $15 by 2025.
It would be the first increase in more than a decade. The current wage, $7.25, was set in 2009.
"Let’s be clear. The $7.25 an hour federal minimum wage is a starvation wage," said Sen Bernie Sanders, I-Vt., in announcing the bill Tuesday. "No person in America can make it on $8, $10, or $12 an hour. In the United States of America, a job must lift workers out of poverty, not keep them in it."
The Raise the Wage Act of 2021 would increase the federal minimum wage to $15 in five steps over the next four years. Beginning in 2026, the federal minimum wage then would be indexed to median wage growth under the bill, a similar version of which also is being introduced in the House.
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Lol first
Second
People get paid $7.25 and hour?? It makes me sick Hearing this!! That’s not enough to live on period!! Something needs to be done about this🤦♂️
Greed is the reason the minimum wage (starvation wage) stays low; less for you means more for me.
@1Drummer small business, right? Did you hire?
@Pete C 7 Employees; 4 engineers, one technician, an admin and a manager.
@1Drummer have you ever hired? Have you ever started a restaurant? Have you ever had rental increase? Have you ever had utilities increase? Business tax? Insurance? All these things add up to kill small businesses. And big corp like Amazon and Bezos wins. You want that?
Let’s say I am mandated to pay 15 per hour. That means I have to get rid of one staff and have one staff do double the work. That means more people unemployed. See?
Then when all small business die, big corp lobby their business partner, the gov, to set wages down to 7 again, maybe 6, maybe 5, it doesn’t matter then because there is no opposition.
@1Drummer you pay 7 per hour for these skill sets???
@Pete C I hired everyone one of them; paid them all above the prevailing wage and gave them all full health insurance. I could have paid them less and given them less benefits but I chose not to do that.
The idea here is to ensure that full time workers earn a “living wage”. Pay scales need to be adjusted to ensure that full time workers earn a living wage based on cost of living. Otherwise, we’re saying it’s ok for a large segment of the American population to live teetering on the edge of desperation and homelessness.
There aren’t enough high paying jobs to go around and the number of those type jobs per capita is shrinking and becoming more competitive.
You didn’t mention how it would be cheaper for these companies to just go automated and not have to pay workers
if min wage was meant to be higher, market forces would have driven it that high
Customers decide the revenue of a business. Revenue is what wages are paid from. Service and product draw and satisfy customers at a demand point. Cost must stay at or below price to hire or keep an employee. Government must now set prices and demand if they want to keep workers above revenue and what customers want as service and product. If customers refused to buy at the increased price the business must end or lay off workers or profit or cost of goods must be reduced. Government can lower government workers pay and give bonus to private workers possibly.
What do these people not understand about entry level jobs, this is where you don’t need any experience , you haven’t proven to have a work ethic , you are training and getting paid, you are not expected to stay very long because is just a steppingstone to better paying jobs , once you improve yourself thru education , work ethic and experience in a career then you can demand your pay for your worthy work
College degrees and trades aren’t learned overnight, 7.25 is not acceptable in 2021.
In small towns people are paid, below minimum wage. Paid in cash and warned if they complain the company has two sets of books. Greed!
The minimum wage in 2003 was $7.25 an hour also.
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[16]For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.
[17]For God sent not his Son into the world to condemn the world; but that the world through him might be saved.
*1 Corinthians 15:1-4
[1]Moreover, brethren, I declare unto you the gospel which I preached unto you, which also ye have received, and wherein ye stand;
[2]By which also ye are saved, if ye keep in memory what I preached unto you, unless ye have believed in vain.
[3]For I delivered unto you first of all that which I also received, how that Christ died for our sins according to the scriptures;
[4]And that he was buried, and that he rose again the third day according to the scriptures.
*Romans 3:20-26
[20]Therefore by the deeds of the law there shall no flesh be justified in his sight: for by the law is the knowledge of sin.
[21]But now the righteousness of God without the law is manifested, being witnessed by the law and the prophets;
[22]Even the righteousness of God which is by faith of Jesus Christ unto all and upon all them that believe: for there is no difference:
[23]For all have sinned, and come short of the glory of God;
[24]Being justified freely by his grace through the redemption that is in Christ Jesus:
[25]Whom God hath set forth to be a propitiation through faith in his blood, to declare his righteousness for the remission of sins that are past, through the forbearance of God;
[26]To declare, I say, at this time his righteousness: that he might be just, and the justifier of him which believeth in Jesus.
*Romans 13:8-10
[8]Owe no man any thing, but to love one another: for he that loveth another hath fulfilled the law.
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[10]Love worketh no ill to his neighbour: therefore love is the fulfilling of the law.
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Good for you…but what the fvck does that have to do with minimum wage?
I bet not one single person here knows of anyone making $7.25 and hour.
I agree 7.25 isn’t enough however at 15.00 there will be less jobs, times are different people don’t seem to want low paying jobs , by 19 yrs old I had already advanced to four jobs cause I started looking for a better job as soon as I got hired , made me versatile and my resume was impressive, I’ve never been unemployed for more then a couple of weeks
Blessings….