House passes $15 minimum wage law

[essentialsaltes]

The House passed a bill Thursday that would raise the federal minimum wage for the first time in a decade -- but there's little chance the measure will be taken up in the Republican-controlled Senate.

The House vote was 231-199.

The Raise the Wage Act would bring the federal minimum wage up gradually from $7.25 to $15 by 2025. After that year, the rate will be indexed to the median hourly wage of all workers.

 

[Subduction Zone]

The House passed a bill Thursday that would raise the federal minimum wage for the first time in a decade -- but there's little chance the measure will be taken up in the Republican-controlled Senate.

The House vote was 231-199.

The Raise the Wage Act would bring the federal minimum wage up gradually from $7.25 to $15 by 2025. After that year, the rate will be indexed to the median hourly wage of all workers.

But that will be disastrous. Have you seen the unemployment stats for Seattle lately?

 

[FenderTL5]

But that will be disastrous. Have you seen the unemployment stats for Seattle lately?

Actually I have.

 

[iluvatar5150]

Actually I have.
View attachment 259694

 

[Subduction Zone]

Actually I have.
View attachment 259694

Shh. That's a secret. Let's go with the "It's terrible for the economy myth".

 

[cow451]

Let’s see how the Senate responds.

 

[FenderTL5]

Shh. That's a secret. Let's go with the "It's terrible for the economy myth".

Got it... my bad.

 

[essentialsaltes]

Let’s see how the Senate responds.

Don't hold your breath. Mitch is still ignoring just about everything the House passes. For sure, this one will get double ignored.

 

[essentialsaltes]

On the merits, I don't know that more than doubling the existing federal minimum wage is such a fantastic idea -- applying the conditions of Seattle, New Jersey, or California to the whole nation.

But since it hasn't risen in 10 years, and its value has dropped something like 20% over that span, it's definitely time for a significant increase.

 

[Paulos23]

On the merits, I don't know that more than doubling the existing federal minimum wage is such a fantastic idea -- applying the conditions of Seattle, New Jersey, or California to the whole nation.

But since it hasn't risen in 10 years, and its value has dropped something like 20% over that span, it's definitely time for a significant increase.

$15 doesn't even get it to where it should be.....

 

[essentialsaltes]

$15 doesn't even get it to where it should be.....

Where should it be?

The second link in the OP is interesting. It shows how the minimum wage has changed, including inflation effects. The highest it's ever been was in 1968, when it was worth $11.55 in today's money.

 

[Paulos23]

Where should it be?

The second link in the OP is interesting. It shows how the minimum wage has changed, including inflation effects. The highest it's ever been was in 1968, when it was worth $11.55 in today's money.

This link shows that it should be about 20 based on production. I think it should be higher based on inflation.

 

[Ana the Ist]

The House passed a bill Thursday that would raise the federal minimum wage for the first time in a decade -- but there's little chance the measure will be taken up in the Republican-controlled Senate.

The House vote was 231-199.

The Raise the Wage Act would bring the federal minimum wage up gradually from $7.25 to $15 by 2025. After that year, the rate will be indexed to the median hourly wage of all workers.

Lol 2025?? By then it'll probably need to be 18-20$....

 

[Ana the Ist]

Don't hold your breath. Mitch is still ignoring just about everything the House passes. For sure, this one will get double ignored.

Politically....I think it would be a smart move to pass it. They aren't really doing anything about wealth inequality...which is a serious problem....and this is a move that if played well, stands a chance of grabbing the center during the next election.

You're right though...I won't hold my breath.

 

[essentialsaltes]

Politically....I think it would be a smart move to pass it. They aren't really doing anything about wealth inequality...

The GOP has spent a long time convincing its working poor members that raising minimum wages will cost them their jobs. They may be committed to their position (and many of their rich donors will expect that).

 

[TLK Valentine]

Let’s see how the Senate responds.

It won't. McConnell will never let this bill see the light of day.

 

[Subduction Zone]

On the merits, I don't know that more than doubling the existing federal minimum wage is such a fantastic idea -- applying the conditions of Seattle, New Jersey, or California to the whole nation.

But since it hasn't risen in 10 years, and its value has dropped something like 20% over that span, it's definitely time for a significant increase.

That is true. Seattle already had a very strong economy. The one local news story of a business failing due to it fell apart when investigated. It was more of a case of where the owner was trying to get out of the box before it even passed.

But the idea of workers being paid a living wage is not a bad one.