Senate minimum wage panel begins sitting

The Senate's minimum wage panel has begun sitting to discuss and potentially pass legislation to increase the federal minimum wage. This is a significant development, as the minimum wage has not been increased at the federal level since 2009, and many experts argue that it is no longer a living wage for many Americans.

The panel, which is composed of senators from both parties, is expected to hear testimony from experts, business leaders, and workers who will argue for and against an increase in the minimum wage. The panel will also review data and research on the impact of a higher minimum wage on the economy, employment, and poverty rates.

Some of the key issues that the panel will likely discuss include:

1. The current minimum wage: The federal minimum wage is currently $7.25 per hour, which is lower than the minimum wage in many other developed countries. Many experts argue that this is not a living wage for many Americans, particularly those who are working full-time.
2. The impact of a higher minimum wage: Some argue that a higher minimum wage would lead to higher prices and reduced employment, while others argue that it would boost economic growth and reduce poverty.
3. The role of state and local governments: Some states and local governments have already increased their minimum wages, and the panel may discuss the impact of these increases on the economy and employment.
4. The potential for a phase-in: Some experts argue that a phase-in of a higher minimum wage, such as a gradual increase over several years, could help to mitigate the impact on businesses and the economy.

The outcome of the panel's work is uncertain, but it is likely that the Senate will consider legislation to increase the minimum wage in the coming months.