Millions of hourly workers could lose their jobs if Democrats raise the minimum wage to $15 an hour.
House and Senate Democrats recently reintroduced the Raise the Wage Act, which would more than double the current minimum wage by 2025. Though Democrats have been pushing for a $15 federal minimum wage for years, the legislation is gaining fresh momentum under a Biden administration amid new COVID-19 relief bill negotiations. A minimum wage hike, Rep. Bobby Scott, D-Va., suggests, is a moral obligation.
If only that were true. Raising the minimum wage could put millions of Americans out of work — many of whom could be essential workers.