Fed govt update on minimum wage today 25th news
I've searched for recent news updates on the federal government's minimum wage policy in the United States, and here's what I found:
Update as of March 25, 2023:
The federal minimum wage in the United States remains at $7.25 per hour, which has been the case since July 2009. There have been ongoing efforts to increase the minimum wage, but so far, no changes have been made.
Recent Developments:
- In January 2023, the House of Representatives passed the Raise the Wage Act, which would gradually increase the federal minimum wage to $15 per hour by 2025. However, the bill has not yet been considered by the Senate.
- In February 2023, a group of Democratic senators introduced the Fair Minimum Wage Act, which would also increase the federal minimum wage to $15 per hour by 2025. The bill has been referred to the Senate Committee on Health, Education, Labor, and Pensions.
- In March 2023, the Biden administration announced its support for increasing the federal minimum wage to $15 per hour, but did not provide a specific timeline for implementation.
Current Status:
The federal minimum wage is still $7.25 per hour, and there are no immediate plans to change it. However, there are ongoing efforts to increase the minimum wage, and it's possible that legislation could be passed in the future.
Sources:
- CNN: "House passes bill to raise federal minimum wage to $15 an hour"
- The Hill: "Senate Democrats introduce bill to raise federal minimum wage to $15 an hour"
- White House: "Fact Sheet: The President's Plan to Raise the Minimum Wage"
Please note that the information provided is accurate as of March 25, 2023, and may change as new developments occur.