January 27, 2021

Arguments over $15 minimum wage persist as Biden pushes COVID economic rescue plan [CBS News]

Satrah Ewall-Wice writes:

"President Biden is among those who believe that raising the federal minimum wage to $15 per hour is what's needed to bring the lowest-paid Americans out of poverty. 'No one in America should work 40 hours a week making below the poverty line,' he said Friday. 'Fifteen dollars gets people above the poverty line.'

It's a platform he ran on in 2020 and it's part of his American Rescue Plan to tackle the pandemic and resuscitate the economy. But the provision is already encountering resistance, with lawmakers disagreeing about how to address the pandemic's worst economic effects.


Even as Scott stated concerns over increasing the wage to $15, his own state recently approved a constitutional measure that would gradually raise the minimum wage to $15 an hour by 2026. The left-leaning Florida Policy Institute estimates the wage hike will have a substantial impact, since 2.5 million Floridians will benefit from it. [emphasis added]."


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