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Democratic nominee Joe Biden repeated his campaign pledge to raise the minimum wage from its current $7.25 to $15. Increasing the minimum wage would help — not hurt — the economy Skip to main ...
However, the city of Portland will increase its minimum wage to $13, $14 and then $15 at the beginning of 2022, 2023 and 2024, respectively. And that is not the only caveat to state minimum wage laws.
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.
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.
In May 2020, Spain introduced a minimum basic income, reaching about 2% of the population, in response to COVID-19 in order to "fight a spike in poverty due to the coronavirus pandemic". It was expected to cost state coffers three billion euros ($3.5 billion) a year." [121]
For example, they look at the 1992 increase in New Jersey's minimum wage, the 1988 rise in California's minimum wage, and the 1990–91 increases in the federal minimum wage. In addition to their own findings, they reanalyzed earlier studies with updated data, generally finding that the older results of a negative employment effect did not hold ...
Although minimum wage law has been applied in many states to increase wage growth, this has not been an effective solution to improve the growth due to the increasing living costs. [23] Also, the unequal wage growth in the income distributions is identified as one of the major reasons of the weak wage growth in the United States. [24]
California has seen a consistent and significant increase in its minimum wage over the past decade. In 2014, the state’s minimum wage was $9.00 an hour. Today, it’s set at $16 an hour, rising ...