Democrats introduce $15 minimum wage bill

Democrats introduce $15 minimum wage bill

With the support of 181 co-sponsors, congressional Democrats introduced legislation Wednesday to gradually increase the federal minimum wage to $15 by 2024. A job should lift you out of poverty, not keep you in it.

Unveiled by Rep. Bobby Scott, D-Va., chairman of the Committee on Education and Labor, and colleagues, the Raise the Wage Act aims to increase the paychecks of some 40 million minimum-wage workers by giving them yearly raises until they reach $15 an hour, at which point they would continue to rise with the median wage.

Sanders, who is rumored to be mulling a 2020 presidential bid, has called the current federal minimum wage - at $7.25 - a "starvation wage".

Small business owners have "grave concerns" over the economic impact of the bill, Job Creators Network President and CEO Alfredo Ortiz says.

Murphy said he opposed the carve-outs and the slower rate of wage increases.

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Independent Vermont Sen. Bernie Sanders, who announced his support of the bill on Monday, said a $15 minimum wage would increase pay for "more than 25 percent of the US workforce".

House Speaker Nancy Pelosi, Senate leader Chuck Schumer, and several other House members will gather in DC on Wednesday to unveil the Raise the Wage Act. That's roughly three-tenths of one percent of that overall population.

The movement has gained traction in recent years, amid growing anger over a federal minimum wage that won't allow a worker to afford the rent on a two-bedroom apartment in any state in the country.

Ortiz said during a press release this week that a University of Washington study found that in Seattle, which established a $15 minimum wage, workers' hourly salary was lowered by $125 per month. Forcing businesses to pay higher wages makes employers reluctant to take a chance on hiring someone who needs more training or can't immediately make the company a profit, according to a 2016 report by former Heritage Foundation researcher James Sherk, who now advises Trump on labor policy. "It was very predictable, and the same thing will happen on a national scale if this bill passes".

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