[ad_1]
Newou can listen to Fox News articles!
R-Mo. Senator Josh Hawley, and D-Vt. Peter Welch sees of the company is pushing legislation that raises the federal minimum wage to $15 an hour and provides an annual increase to explain inflation.
The proposal implements a dramatic increase from the current federal minimum wage of $7.25 per hour, which has been in place for over 15 years.
“For decades, working Americans have seen their wages on flatlines, and one of the main perpetrators of this is that the federal minimum wage has not kept up to the economic reality that faces hardworking Americans every day.
A new study reveals that blue state fast food minimum wage hikes put thousands of jobs at risk
Senator Josh Hawley, R-Mo. questions President Donald Trump candidate Pam Bondy at a confirmation hearing of the Senate Judiciary Committee held in Hartville on Wednesday, January 15th, 2025 (Tom Williams/CQ-Roll Call, Inc.)
The purchasing power of the US dollar has been heavily eroded over the years by inflation.
Under the proposed law, the annual increase to the federal minimum wage of $15 per hour per year is based on the rate of increase (or successor index) of the consumer price index for urban and administrative workers published by the Bureau of Labor Statistics.
Cuomo says that if there is an elected mayor, the NYC minimum wage will increase to $20 an hour.
“We are in the midst of a severe affordability crisis, with families in the red and blue states struggling to buy essentials like housing and groceries. Stagnant federal minimum wages simply add fuel to the fire.
“Times are changing, and working families deserve wages that reflect today’s financial reality. I am proud to lead this bipartisan effort to raise the minimum wage nationwide to help more people achieve their goals,” the senator added.
In X’s post, conservative commentator Dana Roche denounced the idea of raising the federal minimum wage and opposed the defense of Holy’s policy.
Sens. Bernie Sanders and Josh Hawley: 10% Cap Credit Card Interest
Click here to get the Fox News app
“This is a scary, progressive idea,” Roche claimed in a tweet.
Alex Nitzberg is a writer for Fox News Digital.
[ad_2]Source link
