Will the federal minimum wage drop to $ 15 an hour? If President Joe Biden gets what he wants, he will. Biden recently released details of his $ 1.9 trillion COVID relief stimulus package. Overall, the package is designed to crush the coronavirus and provide financial relief to struggling Americans during the pandemic. While it’s no surprise that Biden wants to raise the minimum wage, that was not in this stimulus package.
The president, however, tried to tie the proposal to the pandemic. A summary of the plan noted that millions of Americans risked their lives to keep the country running. “Let’s not just congratulate them, let’s pay them,” he said. In a speech to the nation, Biden also said, “If you work for less than $ 15 an hour and work 40 hours a week, you are living in poverty.”
The minimum wage and lower than minimum wage for people with disabilities would also be removed as part of the Biden plan.
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In a separate executive order, the president also asked the Office of Personnel Management to make recommendations to promote a minimum wage of $ 15 an hour for federal government employees.
The current federal minimum wage is $ 7.25 an hour. President Biden’s proposal would more than double that amount. States can have their own minimum wage. They may be greater than the federal amount, but not less.
Biden’s plan also included an additional round of stimulus checks, extended unemployment benefits, increased tax credits, and more. For more info, check out 12 Ways The Biden Stimulus Package Could Put (or Keep) Money in Your Pocket.