1 result for tag: federal wage


Take five minutes: The facade of a minimum wage increase

By Maria Maresca / Feb.25, 2020 The current Democratic front-runners in the 2020 presidential race, Amy Klobuchar, Elizabeth Warren, Bernie Sanders, Joe Biden, and Pete Buttigieg, each hold common ground on one particular policy: Raising the minimum wage to $15 an hour. Though this glamorized utopian idea of increased hourly pay appears ideal, it is a ruse in every right. When examined closer, it will harm rather than help the American people as a whole. According to a 2019 study conducted by the Congressional Budget Office, increasing the federal minimum wage from $7.25 to $15 an hour would boost the income of 17 million Americans but ...