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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. [182] 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.
Harris has made clear she would like to raise the federal minimum wage to $15 an hour to combat income inequality and give millions of low-wage workers stability.
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 ...
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.
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.
Minimum wage policies have been debated for their impact on income inequality and poverty levels. Proponents argue that raising the minimum wage can help reduce income disparities, enabling low-income workers to afford basic necessities and contribute to the overall economy.
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 ...
The international support for a minimum wage increase could help push along a decade-long fight to increase it. The federal minimum wage has been at $7.25 since 2009.