Sen. Murray and Rep. Scott Introduce The Raise The Wage Act To Raise The Minimum Wage To $12
Today, Senator Patty Murray and Congressman Bobby Scott released the Raise the Wage Act, which would raise the minimum wage to $12 an hour by 2020, get rid of the sub-minimum wage for tipped workers, and tie future increases to the median wage. This legislation would not only be a huge step forward for low-wage workers, but also for the recognition that growing our economy requires investing the workers that make it run, from the middle out, not the top down.
For decades, the value of the federal minimum wage has continued to fall, forcing low-wage workers to fall further and further behind. Raising the minimum wage is a key step in building an economy that works for everyone and investing in the everyday working Americans who strengthen our economy. Here are just a few of the many necessary things the Raise the Wage Act does:
- Give 38 million workers a raise. Raising the minimum wage to $12 will help nearly 38 million workers, 90 percent of whom are adults, and more than 25 percent of whom are parents.
- Help working women get ahead. More than half of all workers who would earn a raise from the Raise the Wage Act are women. The vast majority of women who would receive a raise are over the age of 25 and one-third of the women who would be affected are mothers.
- Give workers $100 billion in increased earnings. According to the Economic Policy Institute, workers would see earnings increase by more than $100 billion over the next five years, money they would likely spend in their communities, helping to boost local economies.
- Help families make ends meet. According to an analysis by the Center for American Progress, increasing the minimum wage to $12 an hour would reduce taxpayer spending on food stamps by $5.3 billion annually, by helping to lift families out of poverty, allowing many who currently turn to nutrition assistance to make ends meet.
BOTTOM LINE: Americans who work hard and play by the rules should never have to live in poverty. Investing in workers honors the hard work of millions of Americans and puts money back in the pocket of families. What’s good for workers and families is good for the economy.
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