Proposed Legislation to Raise Federal Minimum Wage

SOURCE www.foxnews.com
Sen. Josh Hawley and Sen. Peter Welch are proposing legislation to raise the federal minimum wage to $15 per hour and provide for annual increases to account for inflation. The proposal aims to address the stagnant wages of working Americans and the eroded purchasing power of the U.S. dollar due to inflation.

Key Points

  • Current federal minimum wage is $7.25 per hour
  • Proposed raise to $15 per hour with annual increases based on inflation
  • Bipartisan effort led by Sens. Hawley and Welch

Pros

  • Addresses stagnant wages of working Americans
  • Helps working families afford necessities like housing and groceries
  • Reflects the current financial reality

Cons

  • Opposition from some conservative commentators like Dana Loesch
  • Debate on the impact of raising the minimum wage on jobs and businesses