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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.
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.
In the most recent election, Missouri voted to raise its minimum wage to $15 an hour by 2026, and Alaska voted to hike its minimum to $15 by mid-2027. The last federal minimum increase was in July ...
The last time that the federal minimum wage was raised was July 24, 2009. It is a record length of time with no increase since the first minimum wage in 1938 ($0.25 an hour) was signed into law ...
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. ... The Gig Economy and Worker ...
Modern economic theory predicts that although an excessive minimum wage may raise unemployment as it fixes a price above most demand for labor, a minimum wage at a more reasonable level can increase employment, and enhance growth and efficiency.
The actual economic impact of a federal minimum wage increase is heavily debated. Opponents argue that raising the legal pay floor could result in job losses and do more harm than good.
Seattle's minimum wage for large employers was raised to $15.45 in 2018 and $16 in 2019. Studies of Seattle's workforce have shown no decline in employment and tangible benefits for workers. [79] The Fight for $15 movement has succeeded in several states and cities in raising the minimum wage to $15 or more per hour.