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The $1.9 trillion relief package passed and signed by President Joe Biden earlier this month had several components that will help determine the industry s course at least in the short term. One thing it did not contain was a provision to raise the federal minimum wage.
The Senate s parliamentarian, on procedural grounds, moved to block a hike of the minimum to $15 an hour, a number that activists and progressives have set their sights on as a potential change-maker in reducing poverty among working people. Passing an increase will be more difficult now, but don t expect the push to go away. A minimum wage increase is a stated priority for Biden and many Democrats.
The High Cost of Using the Minimum Wage as a Form of Welfare – Investment Watch
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The High Cost of Using the Minimum Wage as a Form of Welfare
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The High Cost of Using the Minimum Wage as a Form of Welfare
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