Federal Minimum Wage Debate, Patchwork Of Local Wage Laws Fuels Debate On Raising Federal Minimum Wsj
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The wonky minimum wage debate giving house democrats a headache explained.
Minimum wage cartoon. However some states cities and counties have a higher minimum wage rate. This income would leave a two person household a single parent with one child just below the federal poverty threshold of 15130. The current federal minimum wage is set at 725 per hour and has been since 2009.
Debate moderator kristen welker opened the conversation by asking biden if he still supported the implementation of a 15 federal minimum wage. With the debate on wages continuing in congress and in the public arena here are some of the major pros and cons of raising the minimum wage. An employee working a 40 hour week at the federal minimum wage would earn 15080 per year.
The paper certainly doesnt put to rest the debate over minimum wage studies. The federal minimum wage in 2020 is 725 per hour and has not increased since july 2009. As debate about raising the minimum wage continues at the federal level cities counties and states have taken it upon themselves to make changes.
On july 1 this year more than 50 cities and counties saw minimum wage bumps. The current federal minimum wage in the us. 29 states plus the district of columbia dc have a minimum wage higher than the federal minimum wage.
Federal minimum wage. The problem with the federal minimum wage debate is we have no good way out of the problem we have created with the minimum wage as it stands now. Whether it should was a hotly contested question during thursdays final presidential debate.
It estimated significant job losses due to the 2007 increase in the federal minimum wage amidst. The federal minimum wage was introduced in 1938 during the great depression under president franklin delano roosevelt. Additionally four states this year have passed bills that will eventually raise.
Minimum wage rates across the country. 18 million workers or 2. It was initially set at 025 per hour and has been increased by congress 22 times most recently in 2009 when it went from 655 to 725 an hour.
Before then it was set at another fixed amount for a longer period of time. The minimum wage in the united states hasnt budged in 11 years.
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