By Shawn M. Carter
CNBC Grow, Nov 12 2020
The federal minimum wage in the United States has been $7.25 since 2009, and the momentum to increase it has been growing among lawmakers. In 2019, the House of Representatives passed the Raise the Minimum Wage Act, which aims to gradually lift minimum hourly wages from $7.25 to $15 by 2025.
That initiative is popular with Democrats and increasingly so with Republicans as well. When President-elect Joe Biden, who supports the idea, takes office in January, he could have a chance to make it law. ...