Congress Considers Minimum Wage Hike July 19, 2019 by Staff

The federal minimum wage is $7.25 an hour but that will change if Congress gets it way. They're considering a proposal that will more than double the minimum wage to $15 an hour. It may sound good to minimum wage earners but what about the employees who've worked their way up the ladder and are making $10, $12 or even $15 right now? Will they get an increase as well? According the Heritage Foundation, a "$15 minimum wage essentially drives out all jobs that don’t produce at least $35,000 per year —which is the annual cost of a minimum wage worker including wages and federal taxes." According to the Bureau of Labor Statistics only 2.3 percent of American workers are at minimum wage. If it's drastically increased, the people it intends to help—entry-level workers with limited skills, will likely be hurt the most.

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