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The federal minimal wage in america has been set at $7.25 since 2009. Whereas states are allowed to supply a excessive minimal wage than this, 20 states abide by the federal minimal. The best minimal wage at the moment out there in america could be present in Washington DC. At the moment, the nation’s capital has a minimal wage of $16.50.
There have been many makes an attempt to boost the minimal wage because it was set 14 years in the past. Nonetheless, the proposals have been overwhelmingly rejected by bipartisan efforts. Congress, whose members make a wage of $174,000 a 12 months, argues that there are too many extreme financial penalties in elevating the minimal. Whereas many of those arguments have been debunked by economists, the Congressional view persists. That is joined by a public sentiment that primarily stems from discriminatory views of labor. A typical argument heard within the dialogue of elevating the minimal wage is “Why ought to a burger flipper at McDonald’s make $15 an hour?”
Bernie Leads New Cost To Increase The Minimal Wage
The final effort to boost the minimal wage got here in 2021 with the Bernie Sanders-led “Increase the Wage Act”. That invoice was killed in each homes, together with seeing 8 Democrat senators vote towards the laws. However Bernie is undeterred and is as soon as once more pushing to boost the minimal wage. “No one on this nation can survive on $7.25. And possibly a few of my colleagues in Congress would possibly need to stay for a month on seven-and-a-quarter and see what that’s like,” Sanders stated.
Sanders’ new proposal would transcend his former proposal, as an alternative elevating the minimal wage to $17. Nonetheless, even this won’t be sufficient to really deal with the disaster Sanders is looking for an answer to. Based on economists and financial forecasting, if the minimal wage had risen with inflation during the last 4 years, it ought to at the moment be round $25 an hour. Regardless of this, it stays to be seen if Sanders has the votes to push by way of the laws. In contrast to in 2021, the Home is now managed by the Republican social gathering, and the Senate is basically Republican-controlled, due to the extended absence of Democrat Senator Diane Feinstein.
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