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The minimum wage in the United States hasn’t budged in 11 years. President Donald Trump asserted that increasing the minimum wage would crush small businesses, many of which are already ...
Rachel Greszler from the conservative Heritage Foundation writes that low wage-workers and the economy at large are hurt more than helped by upping the minimum wage.
For example, they look at the 1992 increase in New Jersey's minimum wage, the 1988 rise in California's minimum wage, and the 1990–91 increases in the federal minimum wage. In addition to their own findings, they reanalyzed earlier studies with updated data, generally finding that the older results of a negative employment effect did not hold ...
The push to raise it has gone on for years because minimum wage workers stuck at $7.25 have lost substantial buying power. Had it just been adjusted for inflation since 2009, it would be $10.33 today.
An increase in the minimum wage is a form of redistribution from higher-income persons (business owners or "capital") to lower income persons (workers or "labor") and therefore should reduce income inequality. The CBO estimated in February 2014 that raising the minimum wage under either scenario described above would improve income inequality.
Secretary of Labor Elizabeth Dole supported increasing the minimum wage to $4.25 per hour along with allowing a minimum wage of $3.35 an hour for new employees' first ninety days of employment for an employer. [51] Secretary Dole said that President George H. W. Bush would veto any bill increasing the minimum wage to more than $4.25 per hour. [52]
Reem-C and Reem. Photo: JosepPAL via Wikimedia Commons. Right now, the federal minimum wage is $7.25 an hour. However, that could soon change, as President Obama and many in Congress continue to ...
In April 2020, the company announced that it would permanently raise its minimum starting wage to $20 an hour in 2022, with annual increases of $1.50 an hour in 2020 and 2021. It reached its $18 ...