Joe Biden wants a $15 minimum wage: what it means for workers - Business Insider

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Joe Biden's plan to increase the minimum wage to $15 won't just help workers: A new study finds that lower wages cost taxpayers over $100 billion a year

That pay bump could be hugely consequential for millions of workers. The federal minimum wage, which hasn't changed since 2009, is currently $7.25 — less than half of what the new wage would be.

Those programs fill in the gaps for millions of Americans, and 42% of the $254 billion spent annually on safety net programs goes toward families who would now get a raise. Jacobs said that raising the minimum wage would help bring savings to those public safety net programs, which could prove helpful as states work toward recovering from the pandemic recession.

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What happened to (COVID, Floyd) $20 billion to Brazil plan to stop deforestation plan? JoeBiden WSJ CNBC Business BarackObama SpeakerPelosi LeoDiCaprio ladygaga JLo GlobalGoalsUN GretaThunberg UN4Youth elonmusk JeffBezos Amazon BillGates

Another attack on small businesses!

Because of public assistance

This is EXACTLY what all of our desperate independent small restaurants needed. Thank you Joe

Where have you been for 40 years!

Might not be the right time for wage increase during a recession esp for smaller businesses

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