Last Thursday, the House approved the bill to raise the minimum wage to 15 dollars per hour. This increase should be realized by 2025. It is the primary goal for Democrats, as well as many candidates for 2020 presidential elections.
Nancy Pelosi, the House Speaker, stated in a press conference on Thursday that the bill ensures the financial and economic security of workers.
Bobby Scott introduced this bill — titled the Raise the Wage Act. It proposes the raise of federal minimum wage from 7.25 dollars to 15 dollars an hour, that should be conducted in the next several years. Since 2009 the minimum wage hasn’t increased.
In March, a similar draft law didn’t manage to pass due to concerns of Republican-oriented and rural districts. They claimed that this raise would burden small businesses, particularly in places with lower cost of living areas.
This Bill Could Cost Millions of Americans Their Jobs
Republican Tom O’Halleran, added the amendment to the law, which would oblige the Government Accountability Office to control the employment and economic influence of this step-by-step wage growth. The Office would then have reported to Congress between the second and third increase. This amendment also expects of Congress to evaluate the findings of a report and, if necessary, modify or delay the wage raises. It was adopted on Thursday.
Now, it seems the bill will most likely fail in front of the Senate, which is Republican-dominated. Leaders of Great Old Party claim this measure would kill the jobs and have devastating effects on working families.
Steve Scalise, House Minority Whip, stated this week that the increase of minimum wage could destroy millions of jobs in America. He quoted the Congressional Budget Office’s report from July, saying that 3.7 million Americans will stop working if this bill passes. Scalise bitterly noted that Speaker Pelosi introduced the proposal which could cost millions of Americans their jobs in a moment when there are more employment opportunities than ever.