President-Elect Joe Biden (C) with Democratic candidates for U.S. Senate John Osoff (L) and Rev. Rafael Warnock (R) during a campaign rally the day before their runoff election in the parking lot of Atlanta’s CenterPark Stadium. .
Chip Somdevilla | Getty Images
A $ 15 federal minimum wage came to a close after Tuesday’s Georgia runoff election, which is likely to flip Senate control and unify the government under the Democratic Party.
Such wage increases would more than double the current federal minimum wage, $ 7.25 per hour, but would face resistance from some Republicans and business groups.
According to NBC News estimates, the Republican dissident, Rev. Rafael Warnock, a Democrat, defeated Sen. Kelly Loeffler, who won the US Senate runoff in Georgia on Tuesday.
According to NBC News, Democrat John Ossoff was leading Republican David Perdue, whose Senate seat expired on Sunday, which was included in other Georgia races, also close to Wednesday afternoon.
Democratic victories in those contests would give Democrats control of the Senate, House, and presidency. Congress is scheduled to confirm President Election Joe Biden’s victory over President Donald Trump on Wednesday.
“This is absolutely a priority,” said Mark Hamrick, Bankt’s senior economic analyst, about passing legislation by Democrats to set a higher pay floor.
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Democrats, particularly those from the party’s liberal wing, have long insisted on raising the national minimum wage. St. Burmese Sanders of Vermont, an independent who usually votes with Democrats, said in a tweet Tuesday that the $ 15 minimum wage was at stake in Georgia’s runoff election.
Proponents of raising the pay floor argue that the current standard does not provide a payable salary for Americans.
$ 15,080 a year
Federal minimum wage, Currently $ 7.25 per hour, has not been raised since 2009. This salary translates to $ 15,080 for a full-time, year-round worker, according to the National Employment Law Project.
Its value has eroded over time, as wages do not increase with the cost of living.
Warnock and Osoff are lawyers for the $ 15 minimum wage, a point he emphasized several times in recent months. Biden resolved to raise the wage floor to $ 15 per hour. The House voted to do so in 2019.
Many states, cities and counties have recently increased their minimum wages, many to $ 15 or higher. By the end of 2021, forty cities and counties will receive or exceed the $ 15 minimum wage, according to the National Employment Law Project.
“Over the past 40 years, what we’ve seen in the US is that wages for working people have been crushed, while shareholders have gone through the return ceiling,” Ossoff said On the campaign trail.
A higher wage would disproportionately help Black and Hispanic workers in other groups, such as White and Asian, research shows. In December, Warnock called the minimum wage a “racial justice issue”.
Increasing pay will come at a time when low-paid and racial minority Kovids have been severely affected by job losses and poverty during the epidemic.
However, passing such a law is not one. If both Democrats win in Georgia, the Senate will be split 50–50 between Democrats and Republicans, with Vice-President Kamala Harris able to cast a resounding vote in favor of the Democrats. This majority would move away from the threshold to stop the film.
After the House bill passed in 2019, the Republican-controlled Senate did not bring Rye to the Wedge Act into a vote.
Some occupational groups, such as the Chamber of Commerce and the National Federation for Independent Businesses, have expressed opposition, saying that the national minimum wage of $ 15 would push up labor costs and push employers to hire.
Small businesses, which are less likely to have cash reserves or profit margins to absorb higher labor costs, will bear the brunt of those negative impacts. Said earlier this year.
According to estimates published by the Congressional Budget Office, raising wages gradually to $ 1525 by 2025 would increase wages for 17 million Americans. About 10 million people making more than $ 10 million may also receive a pay bump. It is estimated that 1.3 million other workers will lose their jobs.
Momentum appears to be with the Democrats on the issue due to the overwhelming support, however, Hamrick said.
“The economy was able to bear the brunt of that growth [in 2009], “Said Hamrick.” Obviously that year was challenging for other reasons [due to the Great Recession], But no one looks back in 2009 and says, “This was a big policy mistake.”