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The Raise the Wage Act of 2017, which was simultaneously introduced in the House of Representatives with 166 Democratic cosponsors, would raise the minimum wage to $9.25 per hour immediately, and then gradually increase it to $15 per hour by 2024, while simultaneously raising the minimum wage for tipped workers and phasing it out. [173]
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.
The federal minimum wage continues to sit at $7.25 an hour, a rate that hasn’t budged since 2009. As of now, 20 US states have a minimum wage at or below the federal level, with a handful ...
The federal minimum wage has been $7.25 since 2009. Overall prices have gone up roughly 47% since then.
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.
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. [77] The Fight for $15 movement has succeeded in several states and cities in raising the minimum wage to $15 or more per hour.
Raises in minimum wage benefit the majority of low-income workers in both the short and long term, argue economists for the US Census Bureau in a working paper from earlier this year, which ...
If there is no objection, the new minimum wage will then take effect from January 1. The minimum wage committee decided to raise the minimum wage in 2018 by 16.4% from the previous year to 7,530 won (US$7.03) per hour. This is the largest increase since 2001 when it was increased by 16.8%.