Article from Fox News by Ronn Blitzer.
The House of Representatives approved the Raise the Wage Act Thursday, which would boost the federal minimum wage for the first time in a decade.
In a 231-199 vote along party lines, the House passed the legislation that would increase the minimum wage to $15 an hour, more than double the current rate of $7.25. In an even more drastic increase, the bill calls for having the same minimum wage for tipped workers, raising it from $2.13 an hour.
A report from the nonpartisan Congressional Budget Office predicted that approximately 30 million people would see higher earnings as a result of the bill, bringing more than one million out of poverty.
“America’s workers deserve a raise,” House Speaker Nancy Pelosi said at a press conference before the vote.
Read the entire article at Fox News.
wpDiscuz
a lot of restaurants are going to get bankrupt
I doubt it’ll get through the senate.
Not a chance. All this proves is that Pelosi is scared to death of the Jihad Squad!
I agree with all of the comments above, but another issue is those that have part time jobs once their hourly rate is increased they will not be able to collect government benefits that they need to make and yet they won;t earn enough to make ends meet.
average Social Security payment amount to 8.83/hr before medicare is taken. Will they raise that to $15.00/hr also? I doubt not. The people that worked all of their lives and payed into that system have not kept up with the actual cost of living increases for years.
Totally agree, I make 9.36 hr based on my Social Security then they take out 135.00 for my medicare so after my medicare is deducted I make $8.57 a hr
If this was to become law the unemployment rate will immediately increase small business will start to close their doors and the cycle of welfare will start to grow again. Minimum wage is intended for entry level to the work place, a way for business to train people to interact with the public and work toward a career goal. These are not jobs for anyone to live on . The real problem is people have no motivation to advance themselves they want instant gratification they don’t believe in the learning curve You can’t fix a me problem by throwing money at it ,if a person is only going to apply themselves enough to just get by then that is as far as they will ever get . Simple math tells you the more you increase the cost of a product by either material increase or wage increase the more the product has to sell for and all that has been accomplished is a higher cost for everyone to pay and a smaller workforce to do the job to try and control cost . The people who run government have a never ending pot of money so they never have to worry about cost which is why elected officials should be able to run a business successfully and I stress the word successfully without a government handout. With that criteria there would be a lot of unemployed government officials
A hamburger will now double in price. NO more tips left on the counter or table.
If this becomes law unemployment will rise dramatically. A lot of people are not worth $15 an hour.
“A report from the nonpartisan Congressional Budget Office predicted that approximately 30 million people would see higher earnings as a result of the bill, bringing more than one million out of poverty.”
As 1 millon business’ out of business and the other 5 million layoff 10 workers apiece. Net job increase -500%
I never made anywhere near $15.00 an hour. I am retired now, but the most I ever made was $9.83 an hour. Why not just make it $100.00 an hour?
That’s reasonable according to the morons in the House.
Another in house political stunt! So they can say what a bad guy Trump is because he said no. So predictable.
If it makes its was to the POTUS’s desk I hope he does not sign it. States can’t afford the unemployment payouts. The number of small business’ going under and the cut backs will be terrible. It would be like Walmart moving into ever town.. It’s already hard enough to find a decent restaurant as it is, looks like we will be getting our meals from robots in the near future.
Here’s something about more than doubling minimum wage that nobody else is thinking about. I made this comment in another site yesterday:
Here’s a fact about a $15/hr. minimum wage. First that is a raise over 100% yet those employees getting that raise are no more valuable to the employer than before the raise. If I’m earning $16/hr. would mean my work is worth more than twice the value a minimum wage worker to my employer. If minimum was raised to $15/hr. doesn’t mean my wage would go up and I would only be worth $1/hr. more than minimum wage. I want a 100% raise too.
Bottom line is when those wage earners whose jobs are worth more than minimum wage get their raises the $15/hr. minimum wage won’t even be worth the current minimum wage because of the inflation it will cause and the inflation will tank our economy.