The federal minimum wage – currently at $7.25 an hour – hasn’t changed in a decade. The House of Representatives is preparing to vote on a Democratic proposal that would increase the minimum wage to $15 an hour by 2025.
That change could lift 1.3 million people of out poverty and raise wages for some 27 million workers, according to a recent report by the Congressional Budget Office.
It could also cause an estimated 1.3 million Americans to lose their jobs.
Are those job losses worth the wage gains? Democrats and Republicans have different answers.
Click the audio player above to hear the full story.
If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air. But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.
Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.
When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.
make public service
Thank you for doing your part!