House and Senate Democrats Present “Raise the Wage Act of 2021” Bill
After President Joe Biden named a $15 minimum wage in his COVID-19 relief plan, Democrats from both the House of Representatives and the Senate has written a bill to do just that.
On Monday, the “Raise the Wage Act of 2021” was officially introduced by Democrats, which is a plan of a gradual increase of the federal minimum wage over the next four years to $15 an hour.
If the legislation passes, the federal minimum wage will immediately increase to $9.50. Then it would increase to $11, $12.50, $14, and $15 on a year-to-year basis.
While many are praising the move, sentiment is also rising that the increase should be immediate.
As of now, the federal minimum wage sits at $7.25, which came at the hands of the last increase in 2009.
No timetable has been given on the potential passing of this bill.