The debate over US minimum wage.
A down the middle look at that is our first subject today on CNN 10.
I am Carl Azuz. It’s always good to have you watching.
The federal minimum wage is the least amount of money per hour that American businesses must pay their employees. State and communities are allowed to require acquire higher minimum wages and many of them do.
And But as of right now, $7.25 per hour is the minimum that US employers must pay. That rate was updated in 2009 under then President Barack Obama. This week Democrats and in Congress introduced the a bill to increased the Federal minimum wage to $15 per hour. As it stands now, the proposal wouldn’t do this immediately. It‘ll would include gradual wage increases until 2025 when they it would hit the $15 minimum.
President Joe Biben has included this increase in his $1.9 trillian Corona virus relief plan. In case that the package doesn’t pass. With with the minimum wage change, Democrats will had introduced a separate bill. The minimum wage is a controversial subject because experts and economists disagree over the effects it has.
Supporters of raising the wage say it will put more money in the pockets of workers, encouraging them to spend more and that this will would help businesses and stimulate the economy. Opponents of raising the wage say it’ll do the opposit. That it‘ll would cause smaller businesses and restaurants to layout off workers because these organizations don’t make enough and in profits to afford the higher labor costs.
There is a political divide over this subject too. Democrats generally favor the minimum wage increase. Republicans generally opposit oppose it. Democrats say it‘ll would help individuals who are struggling because of the corona virus pandemic. Republicans say it‘ll would hurt businesses that are struggling because of the corona virus pandemic. In and individuals, too, if their jobs are cut.
Part of the reasons why Democrats are pushing for it now is because they have control of over both Chambers of Congress and the White House for the first time since 2010. Well, And while Democratic leaders have say said they’d like to increase the minimum wage with at least some republicans’ support., They they may try to pass the legislation without it.
When he was a vice–president during the Obama Administration, Joe Baiden had a the job of overseeing the government`s $840 billion economic stimulus package which was passed in 2009 to help the nation recover from the Great Recession. When he was a vice president during the Trump Administration, Mike Pencer had a the job of overseeing the government`s coronavirus task force which was established in 2020 to help the nation address the Covid-19 pandemic.
Today, CNN contributedor Kelly Mena to explains the potential role of Vice-President Kamala Harris as the United States second in comingcommand.