The bill now moves to the Senate, where Majority Leader Mitch McConnell reportedly has no plans of supporting it.
Published 2:38 PM EDT Jul 18, 2019
The measure would gradually hike the U.S. pay floor to $15 by 2025, then index further hikes to median wage growth. It would also phase out lower minimum wage paid to tipped workers. Congress last raised the federal minimum wage to $7.25 per hour about a decade ago. Now, 29 states and Washington, D.C., have higher pay floors than the U.S., while seven states have approved $15 per hour minimum wages. Those increases have boosted pay for the working class despite the federal inaction.
In an analysis earlier this month, the nonpartisan Congressional Budget Office estimated the bill would give 17 million U.S. workers a raise – and could lift wages for millions more. It would also boost the annual income of 1.3 million people above the poverty level.At the same time, the measure would cause about 1.3 million Americans to lose jobs, according to the CBO. It would also “reduce business income and raise prices” as companies pass on higher labor costs, the CBO said.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
House set to approve phased-in $15 fed minimum wage
Baca lebih lajut »
House passes bill to hike the federal minimum wage to $15 per hourNancy Pelosi and House Democrats argue the $15 per hour minimum wage bill will lift workers who have not seen the benefits of a strong economy.
Baca lebih lajut »
House votes to raise minimum wage, uniting Dems after months-long struggleLifting the minimum wage to $15 per hour is a key Democratic priority, but progressives and centrists were split on the plan.
Baca lebih lajut »
House passes $15 minimum wage billThe House has passed a bill that would raise the federal minimum wage for the first time in a decade, but there's little chance the measure will be taken up in the Republican-controlled Senate.
Baca lebih lajut »
House passes $15 minimum wage billJUST IN: Democrat-led House passes bill that would raise federal minimum wage from $7.25 to $15 by 2025. Bill unlikely to pass the Republican-led Senate.
Baca lebih lajut »