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

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Ireland News News

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

My Pillow guy Mike Lindell: The inside story, in Trump's final days - Business InsiderThe My Pillow guy is a former crack addict and bankrupted gambler who made – and might soon lose – millions thanks to a religious devotion to Trump This headline is NUTS lmaoooo 🤷‍♀️ETTD So in other words he turned his life around and now we need to cancel him for having a different political opinion
Source: BusinessInsider - 🏆 729. / 51 Read more »

MyPillow guy Mike Lindell: The inside story, in Trump's final days - Business InsiderThe MyPillow CEO is a former bankrupt gambler who made – and might soon lose – millions thanks to a religious devotion to Trump Trump was president and is a businessman bankrupt by incompetence, but he starts a new career as a leader of U.S. internal terrorists, who can exterminate millions of white Americans, blacks and poor immigrants, with the help of his fanatical followers. How are things with the capitol now? My Shillow. Country over Pillow.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside Exxon Mobil's 'God Pod' - Business InsiderBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside the meteoric rise of Jon Gray at private-equity giant Blackstone - Business InsiderJon Gray is the future of Blackstone. 50 insiders reveal how the superinvestor consolidated power, elbowed out rivals, and is remaking the firm in his golden-boy image. horrible Check out this, gonna be the next dogecoin
Source: BusinessInsider - 🏆 729. / 51 Read more »

How a quest to build ethical AI detonated a battle inside Google - Business InsiderGoogle employees consider jumping ship for Facebook and Microsoft after firings, reorgs and mounting tension in its AI division Google/YouTube are crooks. They stole my 9/11 video. They disrespect 9 /11 survivors. 911TribMuseum techinsider not sure they're going to be satisfied with the state of ethical AI at FB techinsider Jumping ship? That is really funny. They must be reading the stuff I write? And it is also the reason why sundar is in charge - gummy and slopey made a huge devious mess then jumped ship.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside the ultra-premium aircraft Singapore Airlines is using for world's longest flight - Business InsiderThe new world's longest flight is getting an upgrade as Singapore Airlines builds back up in the US — see inside the luxurious plane
Source: BusinessInsider - 🏆 729. / 51 Read more »