USA Today Episodes Around February 1, 2021
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1:55Now PlayingHere's why the minimum wage has been $7.25 an hour since 2009 | Just the FAQs
Feb 1, 2021·6.3K views
February 1, 2021
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1:55Now PlayingPresident Biden is pushing to raise the minimum wage to $15. Here's how that would affect the economy.
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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