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Nearly 2 million direct care workers would benefit from a $15 minimum wage by 2025

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Nearly 2 million direct care workers would benefit from a $15 minimum wage by 2025

A new EPI report finds that a $15 federal minimum wage by 2025 would raise pay for one-half of direct care workers who provide long-term services and support (LTSS), or 1.9 million workers. The vast majority (90.7%) of LTSS direct care workers who would get a raise are women, and half (50.0%) are Black, Hispanic, […]

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Minimum Wage Lost 21% Of Its Value Since Congress Last Raised It In 2009

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Minimum Wage Lost 21% Of Its Value Since Congress Last Raised It In 2009

By Ben Zipperer, Working Economics Blog, Economic Policy Institute After the longest period in history without an increase, the federal minimum wage today is worth 21% less than 12 years ago — and 34% less than in 1968. Saturday marked 12 years since the last federal minimum wage increase on July 24, 2009, the longest […]

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If the Minimum Wage Grew As Much As A Wall Street Bonus Since 1985, It Would Be $44 Today

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If the Minimum Wage Grew As Much As A Wall Street Bonus Since 1985, It Would Be $44 Today

The 2020 bonus pool for 182,100 securities industry employees could pay for more than 1 million jobs at a $15 minimum wage for a year. March 29, 2021By Sarah Anderson Originally in Inequality.org While low-wage workers are still waiting for a raise in the minimum wage, Wall Street employees enjoyed a 10 percent bump in […]

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Biden to Impose $15 Hourly Minimum Wage for Federal Contractors

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Biden to Impose $15 Hourly Minimum Wage for Federal Contractors

A presidential executive order will do for hundreds of thousands of federal contractors what he has been unable to do on a broader basis for American workers.

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Biden’s Minimum Wage Hike Faces Make-or-Break Test

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Biden’s Minimum Wage Hike Faces Make-or-Break Test

The Senate parliamentarian is readying a decision about whether the provision, which some Democratic lawmakers dispute, can remain in the coronavirus relief package.

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DOL Secretary, Cadillac Tax, $15 Minimum Wage Highlight Busy Week

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Department of Labor Secretary Alex Acosta’s resignation July 12 preceded a busy week for the federal government, including House bills repealing the so-called “Cadillac tax” and pushing a $15 minimum wage by 2025.

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CBO Analysis: $15 Minimum Wage Would Boost Incomes, Trigger Job Cuts

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Raising the federal minimum wage to $15 per hour would raise pay for 27 million workers but also lead to over 1 million job losses, according to Congressional Budget Office (CBO) projections.

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Advocates Push House to Vote on $15 Minimum Wage This Summer

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​The U.S. House of Representatives, where Democrats hold sway, may vote as early as August on a measure that would more than double the federal minimum wage to $15 an hour.

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Walmart CEO Asks Congress to Pass $15 Minimum Wage

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When Walmart’s top executive urged Congress to boost the federal minimum wage to $15 an hour nationwide, it added fuel to an already contentious debate. Supporters of a $15 wage say it’s good for workers and for businesses, which benefit from having less turnover. Opponents say that while big corporations can afford to hike entry-level workers’ pay, their smaller competitors might not be able to do so and stay in business.

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Connecticut Lawmakers Approve $15 Minimum Wage

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The Connecticut Legislature recently passed a bill to incrementally raise the state minimum wage to $15 an hour by 2023. Gov. Ned Lamont has pledged to sign the bill, which would make Connecticut the seventh state to phase-in a $15 an hour wage hike.

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