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What the Research Says About a $15 Minimum Wage
September 13, 2022The United States House of Representatives voted Thursday to raise the federal minimum wage to $15 per hour, higher than any current state minimum wage and more than double the current federal minimum wage of $7.25 per hour. The bill is likely to face challenges in the Republican-controlled Senate.The federal minimum wage was last raised in 2009, and its value has been decreasing with inflation over the last 10 years. A yearly salary on $7.25 per hour comes out to about $15,000 per year, putting workers with families of two or more with no second source of income below the...…September 13, 2022The United States House of Representatives voted Thursday to raise the federal minimum wage to $15 per hour, higher than any current state minimum wage and more than double the current federal minimum wage of $7.25 per hour. The bill is likely to face challenges in the Republican-controlled Senate.The federal minimum wage was last raised in 2009, and its value has been decreasing with inflation over the last 10 years. A yearly salary on $7.25 per hour comes out to about $15,000 per year, putting workers with families of two or more with no second source of income below the...WW…
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