When could the minimum wage of $ 15 per hour be approved? | The State
The federal minimum wage has not increased since 2009.
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OZAN KOSE / AFP / Getty Images
The stimulus plan $ 1.9 trillion from President Joe Biden includes a third proposal for a direct stimulus check as well as a minimum salary highest federal. These efforts to get more money to Americans could turn around amid negotiations on Capitol Hill. Like millions of people, you will have to wait a little longer to bring home more money and see how the negotiations unfold.
The new stimulus project Biden is pushing includes a series of initiatives aimed at propping up citizens’ finances as the COVID-19 pandemic rages. This includes $ 1,400 stimulus checks to raise the payments of $ 600 dollars that Congress authorized in December $ 2,000 dollars total. The package also includes an increase in federal minimum wage until $ 15 dollars an hour.
Biden is faced with the task of trying to get the package approved by Congress. Despite the Democratic majority in both the House and Senate, analysts predict that it won’t be an easy task. At a press conference on Monday Fortune He noted that Biden acknowledged that the terms could change.
“I don’t expect us to know if we have an agreement or to what extent the whole package can be approved or not until we get to the end of this process, which will probably be in a couple of weeks,” Biden said. “The point is, this is just the beginning of the process.” This statement from the president it could mean a longer wait before seeing more money in your bank account.
Related: What are the states that will increase the minimum wage as of January 1, 2021?
$ 15 minimum wage hurdles
The current federal minimum wage is $ 7.5 dollars per hour Y has not been updated since 2009. However, lawmakers may not be willing to pass a higher rate with the new stimulus bill.
Some public policy analysts like Raymond James’ Ed Mills told CNBC that it is “highly unlikely” that such a change will take place. “Voters support raising the minimum wage probably more than some members of Congress,” Mills said.
The White House Chief of Staff, Ron Klain, stated during an interview on the program Meet the Press the administration’s commitment to approve the increase immediately by saying “we believe that the minimum wage should be part of this urgent stimulus package,” Klain said.
Related: Who will receive an increase of $ 4 dollars per hour in their wages for being “heroes of the pandemic.”
This Tuesday the Democrats of the House of Representatives and the Senate reintroduced a bill to raise the federal minimum wage to $ 15 an hour. The proposal foresees a gradual increase until 2025.
During 2019 the House of Representatives had already approved a version of the bill to increase the minimum salaryHowever, the proposal was never voted on in the Senate, which was controlled by the Republicans.
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