On Wednesday, Democratic leaders backed a $15 per hour pay floor, reports CNBC.
The federal government last raised the minimum wage to $7.25 an hour in 2009. The Democratic proposal would increase it to $9.50 an hour this year and $11 per hour next year. The wage would then increase to $12.50 an hour in 2023, $14 in 2024 and then $15 in 2025.
Sen. Joe Manchin, D-W.Va., a key swing vote in the Senate, has signaled he would support raising the federal minimum wage to $11 an hour.
In the evenly split Senate, a single defection would sink the $1.9 trillion "stimulus" package bill that would include the wage hike.
But Senate Budget Committee Chairman, the socialist Bernie Sanders, I-Vt., has argued the budget effect means “we can clearly raise the minimum wage to $15 an hour under the rules of reconciliation,” which means it would not require a Senate vote.
As I have made clear before, a minimum wage will cause the least productive to be forced into unemployment and would damage everyone else. I have two videos out on my argument here.
-RW
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