Raise The Minimum Wage Magnet

The Raise the Wage Act of 2021 will gradually increase the federal minimum wage from the current $7.25 an hour to $15 an hour by 2025. It would also repeal subminimum wages and eliminate the lower minimum wage for tipped workers. The minimum wage has been stuck at $7.25 an hour since 2009 and has lost 17% of its purchasing power due to inflation since. The proposed minimum increase will lift millions out of poverty, give full time workers a living wage, stimulate the economy due to increased spending and reduce the need for federal supports such as food stamps and poverty programs.