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A common argument against raising the minimum wage in restaurants to $15 is that it could cause cuts to employee hours, as well as potential layoffs or restaurant closures. [ 58 ] Waiters, bartenders, and other food service workers who primarily work for tips may utilize the federal tipped minimum wage, which is currently $2.13 an hour.
The minimum wage in the United States hasn’t budged in 11 years. President Donald Trump asserted that increasing the minimum wage would crush small businesses, many of which are already ...
The second tipped minimum wage increase will take place two months later on July 1, 2023, [8] and gradually increase annually until the tipped minimum wage equals the prevailing minimum wage on July 1, 2027. Due to the variability of the consumer price index, the exact annual minimum wage increases cannot be known for 2024 through 2027.
Under the court ruling, the current minimum wage of $10.33 an hour will be adjusted in 2025 to more than $12.50 per hour. The wage will rise further after that, eventually hitting about $15. In ...
While it might have made for a decent photo-op, Donald Trump’s visit to McDonald's highlights a glaring weakness that the Harris campaign should exploit: his stance on the minimum wage.
An imposition or increase of a minimum wage will generally only affect employment in the low-skill labor market, as the equilibrium wage is already at or below the minimum wage, whereas in higher skill labor markets the equilibrium wage is too high for a change in minimum wage to affect employment. [45]
That's the national minimum wage set by the Fair Labor Standards Act as of July 24, 2009. If you add up the numbers, 50 weeks of 40-hour workweeks at the minimum wage comes to Four Arguments For ...
The Raise the Wage Act of 2017, which was simultaneously introduced in the House of Representatives with 166 Democratic cosponsors, would raise the minimum wage to $9.25 per hour immediately, and then gradually increase it to $15 per hour by 2024, while simultaneously raising the minimum wage for tipped workers and phasing it out. [173]