We all want businesses to open back up and for the economy to recover. Many businesses require essential workers to come back to work, yet complain about the labor shortage. The federal minimum wage has not been increased since 2007, or in 14 years. Yet the living expenses keep growing. Try calculating how far you could get in a month on $7.25/hr. X 40 hours ($290, minus taxes).
The Raise the Wage Act would immediately boost consumer spending at all levels and put more money into the local economy. Higher wages would reduce employee turnover and hiring and training expenses, as well as increasing local tax revenues. Because corporations and other employers pay low wages, taxpayers end up subsidizing $153 billion annually for safety net programs. Fewer people would need to access these programs.
Increasing the minimum wage to $15./hr. would raise income for 17 million people, benefit 560,000 child care workers, and lift 900,000 out of poverty. Economic Policy Institute (epi.org) says that it “would lift pay for 32 million workers, or 21% of the U.S. workforce. A majority (59%) of workers whose total family income is below the poverty line would receive a pay increase. Nearly one-third (31%) of African Americans and one-quarter (26%) of Latinos would get a raise if the federal minimum wage were increased to $15.”
The Economic Policy Institute (epi.org) estimates that family income would increase by $5,100, giving them “extra resources that could help them to stop living from paycheck to paycheck, helping Black families the most.” $15./hr will reduce the gender and racial wage gap, especially for women and people of color, and help re-establish and strengthen the middle class.
The Raise the Wage Act would also phase out the abysmal wage for tipped workers, which has been frozen at $2.13 since 1991 and end disgraceful subminimum wages ($3.34) for workers with disabilities employed in sheltered workshops and for workers under age 20. Increasing the minimum wage has also demonstrated improved infant health and reduced child abuse and teenage pregnancy.
Fight for $15 was launched by striking fast-food workers in 2012. Nine states (40% of the U.S. workforce) have raised their minimum wages to $15 an hour. Across the country, a single, childless adult needs at least $31,200 to have an adequate standard of living, more than twice what a full-time worker making $7.25 an hour earns annually, $15,080.
Please CALL your senators about the Raise the Wage Act, and VOTE to elect politicians who will pass this.
Sen. Richard Burr 202-224-3154
Sen. Thom Tillis 202-224-6342