House passes bill that would raise min. wage to $15 an hour

House passes bill that would raise min. wage to $15 an hour

In order to address some of those concerns, moderate Democratic lawmakers introduced an amendment to the bill that would require the Government Accountability Office to to study the impact on job creation after the first two wage increases. This would depress the economy at a time of economic boom, ' he said.

Congressional Democrats will also tout the policy victory in their re-election bids next year.

A recent Congressional Budget Office report said raising the minimum wage to $15 an hour would boost the wages of 17 million people, but could also cause a median 1.3 million employees to lose their jobs. Harvard Business School and Mathematica Policy Research found a spike in restaurant closures as a outcome of San Francisco's rapidly rising minimum wage. Amazon recently pledged to raise its minimum to $15 after feeling political pressure, with Costco following suit and Target moving to $15 an hour next year.

Even some opposed to the move like fast-food chain operator McDonald's Corp (MCD.N) said recently it would no longer fight proposals to raise the federal minimum wage. Companies like McDonald's and Walmart stopped lobbying against raising the federal minimum wage, and Amazon adopted a $15 minimum previous year.

The Democratic-majority House approved the legislation titled Raise the Wage Act, in a mostly partisan vote of 231-199. Three Republicans voted for it and six Democrats opposed the bill.

The federal minimum wage has been stuck at $7.25 an hour since 2009 - that's the longest stretch of time without an increase since the minimum wage was established in the 1930s.

"This is a historic day", Speaker of the House Nancy Pelosi said, according to the New York Times.

The Congressional Budget Office said in a report earlier this month that an increase to $15 would provide a financial boost to almost 30 million workers and raise more than a million out of poverty, but it also would result in 1.3 million jobs lost by 2025.

Scott introduced the Rase the Wage Act, which would incrementally raise the minimum wage to $15 an hour by 2025.

If the Majority Leader wants to defend starvation wages to the people of Kentucky, that is his right.

"Walmart, the largest private employer in the country, pays so low that many employees depend on food stamps to survive", she said.

A poll released this week found only 20 percent of Americans think raising the minimum wage is worth the economic consequences.

Unions and labor groups, who brought the $15 minimum wage bill onto the national stage, see the passage of the bill as a key step towards building support among voters in Republican-dominated states and districts.

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