Federal Minimum Wage Increase

SOURCE www.breitbart.com
Sen. Josh Hawley (R-MO) and Sen. Peter Welch (D-VT) are working together to boost the federal minimum wage to $15 per hour and index it for inflation. They introduced the Higher Wages for American Workers Act to address the stagnant federal minimum wage that hasn't kept up with the economic reality facing working Americans.

Key Points

  • Bipartisan effort led by Sen. Josh Hawley and Sen. Peter Welch
  • Legislation ties minimum wage increases to the Consumer Price Index
  • Minimum wage currently lower than any point since the 1940s

Pros

  • Addresses stagnant federal minimum wage
  • Helps working Americans keep up with economic reality
  • Supports families in affording necessities

Cons

  • Could potentially lead to job losses in some industries
  • May increase costs for businesses