comparemela.com

Latest Breaking News On - Congress tries again - Page 1 : comparemela.com

Economics in Brief: Congress Tries Again to Raise the Minimum Wage

The Raise the Wage Act of 2021 has been introduced in both houses of Congress. The act would increase the federal minimum wage to $15 an hour by 2025 and phase out the tipped worker minimum wage of $2.13. The nonpartisan Economic Policy Institute (EPI) notes that the federal minimum wage has not changed for a decade the longest it has remained the same since the minimum wage was established in 1938. According to the EPI, the increase would affect some 32 million workers, representing 21% of the U.S. workforce. Not only would the change overwhelmingly benefit essential workers, it would work to close the racial wealth gap; EPI says that 31% of Black workers and 26% of Latino workers would get a pay raise if the higher minimum wage takes effect.

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.