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History of the US federal minimum wage. Lower line is nominal dollars. Top line is inflation-adjusted. [1] [2] The Raise the Wage Act is a proposed United States law that would increase the federal minimum wage to US$17. [3] [4] Versions of the bill have been introduced in each United States Congress since 2017.
Scott Bessent, Trump's nominee for secretary of the treasury, said at a Senate confirmation hearing on Thursday that he does not believe the current $7.25 per hour federal minimum wage should change.
The current state of federal minimum wage Most Americans favor raising the federal minimum wage, which was last increased in 2009. Many cities and states have enacted their own hikes, including in ...
A majority (56%) believe that raising the minimum wage will help the economy, 16% believe it won't make a difference, and only 21% felt it would hurt the economy. [181] Regardless of the ruling, the idea of raising the minimum wage to $15 by 2025 from its current $7.25 is broadly popular, a Reuters/Ipsos poll found.
If the U.S. raised the minimum wage to $15 per hour by 2025, for example, the country would lift an estimated 900,000 people out of poverty and raise the income for 17 million employees (roughly 1 ...
In January 2019, Sanders sponsored the Senate version of a bill to increase the federal minimum wage to $15 per hour by 2024, saying, "We are living today in an American economy that is doing very well for the people on top. Not so well for working families." [106] In 2023, Sanders called for a $17 minimum wage, citing inflation. [39] [40]
Sen. Bernie Sanders (I-Vt.) said on Sunday that he hopes to work with President-elect Trump to raise the minimum wage from $7.25 an hour, the federal standard last raised in 2009. In an interview ...
Increase the minimum wage to $12.00 per hour by July 2024. Allow the state legislature to raise the minimum wage above the mandated $12.00 per hour. Eliminate existing annual inflation adjustments to the minimum wage. Removal of the two-tiered system that allows employers to lower their employees' minimum wage by providing certain health benefits.