2025 Could Be the Year We See Minimum Wage at $15
New legislation is being proposed to bring the minimum wage to a living standard for Americans.
According to a report from our news partners at KWTX, new legislation has been proposed by members of the House and Senate to adjust the minimum wage, which hasn't seen a change since 2009.
The U.S. Department of Labor reports the last change of the Federal minimum wage came in 2009, when hourly wage increased from $6.55 to $7.25.
The new proposed House Bill would gradually raise the minimum wage over 4 years.
- 2022- $11
- 2023- $12.50
- 2024- $14
- 2025- $15
A lot of people incorrectly assume that only teenagers make minimum wage, but that is far from the truth. Another incorrect assumption is that those who make minimum wage are unskilled laborers, and that they do not deserve to make more money.
The truth of the matter is that the federal minimum wage was established in 1938 when the Fair Labor Standards Acts was introduced.
"The minimum wage was designed to create a minimum standard of living to protect the health and well-being of employees," reports Cornell Law School.
It's true. Franklin D. Roosevelt helped establish a minimum wage so that all Americans could survive working a 40-hour minimum wage job. A lot of things have changed since 1938, but the one thing that should have stayed the same did not.
All Americans should be able to live and work for at least minimum wage. Concerns of inflation when raising the minimum wage are moot, because since 2009 inflation for goods and housing has continued to rise, while the federal minimum wage has remained the same.
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