MarketWatch: What economists and workers say about Biden’s bid for a $15 minimum wage and end to tip credits

By Elisabeth Buchwald
MarketWatch, Jan. 19, 2021

... Dubbed the American Rescue Plan, [Biden's] proposal also includes $1,400 stimulus checks and increased child tax credits. “No one working 40 hours a week should live below the poverty line,” Biden said when he announced the package. “That’s what it means if you work for less than $15 an hour and work 40 hours a week, you’re living in poverty.” ...

Some also see a $15 minimum wage as a tool for helping businesses.

“Workers are also customers. The current minimum wage keeps workers in poverty, and that hurts businesses as well as workers,” said Holly Sklar, CEO of Business for a Fair Minimum Wage, a coalition of business owners that support raising the minimum wage. “Raising the minimum wage is a powerful way to boost businesses and the economy because it puts money in the hands of people who most need to spend it.” ...

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