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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.
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
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 ...
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 ...
Notwithstanding the tendency of wages to conform to their natural rate, their market rate may, in an improving society, for an indefinite period, be constantly above it; for no sooner may the impulse, which an increased capital gives to a new demand for labor, be obeyed, than another increase of capital may produce the same effect; and thus, if ...
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.
Progressives believe that stagnating wages perpetuate income inequality and that raising the minimum wage is a necessary step to combat inequality. [72] If the minimum wage grew at the rate of productivity growth in the United States, it would be $21.72 an hour, nearly three times as much as the current $7.25 an hour. [83]
The push to raise it has gone on for years because minimum wage workers stuck at $7.25 have lost substantial buying power. Had it just been adjusted for inflation since 2009, it would be $10.33 today.