President-elect Biden has pledged to increase the federal minimum wage to $15 per hour, which could lead to unemployment and the closure of small businesses. Hillary Vaughn of FOX Business has more.
President-elect Biden said on Friday that he hopes to raise the federal minimum wage to help boost US economic growth and increase household income.
The incoming president stated that no American worker should work 40 hours a week and still live below the poverty line, adding that these people are “right”
In a national speech on Friday, Biden said: “I also hope that the Democratic control of the House and Senate will increase the chances of taking quick action to raise the minimum wage.” “I have long said that we need to reward work in this country. , Not just wealth. People on both sides now realize that it’s time to raise the minimum wage, so people who work hard can earn at least $15 an hour.”
Currently, the federal minimum wage is $7.25, which is more than ten years old.
Vice President-elect Kamala Harris reiterated the same incident last Friday that the Obama administration aims to raise the minimum wage during the battle.
By 2021, the minimum wage in these states will rise
Boston Mayor Marty Feldstein was nominated for the post of Secretary of Labor, although Biden said that he did “very consider” nominating Senator Bernie Sanders to the Senate. Sanders).
However, the president-elect stated that, for consent, ensuring that Senate Democrats control is a greater priority.
Biden said that he and Sanders will “work together” on a “common agenda” to strengthen workers.
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Biden said that in addition to providing $2,000 economic stimulus checks to eligible families, the recent economic relief program will also focus on small businesses.
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