Raising the minimum from $7.25 to $15 per hour is part of the American Rescue Act, now making its way through Congress.
After the Civil War, companies didn’t want to reach into their own pockets to pay recently freed enslaved people.
The CBO report says a $15 minimum wage would pull 900,000 people out of poverty but cost almost 1.5 million jobs.
This is a fraught time to tackle minimum wage increases. It would address long-term inequities but more businesses are in trouble now.
This year especially, voters are sympathetic to minimum wage workers on the front lines during a pandemic, an economist says.
A growing number of people across the country and the political spectrum support raising the minimum wage. Is this a sign of a bigger shift?
At least 300 rehab facilities in 44 states required unpaid labor from participants, investigators found.
Some businesses owners struggling with COVID-19 restrictions asked for the pay hike to be delayed.
The retail giant is boosting its minimum wage $2 per hour, accelerating planned increases. The move may reflect current crises in America as well as expectations of a strong economy.