The US plans to increase the minimum wage

The US plans to increase the minimum wage

The US plans to increase the minimum wage

The U.S. house of representatives passed a bill to raise the minimum wage to $ 15 per hour. It is planned to implement it by October 2025. According to Reuters, the next stage will be the discussion of the law in the Senate.
 Representatives of the Democratic party, who supported the bill, argue that the increase will receive more than 33 million workers. And the minimum wage for a person working 40 hours a week will increase to 15 thousand dollars a year. Thus, the Democrats believe, the country will be able to cope with economic inequality. In addition, the law will allow presidential candidates from the Democratic party to attract more Americans to their side.
Republicans, on the contrary, believe that such an increase will lead to an increase in unemployment. They believe that companies will actively replace manual labor with machine labor. The congressional budget office predicts a loss of 1.3 million jobs, which could lead to a crisis in the market economy.
Now the minimum wage in the country is 7.25 dollars per hour. Employees of Amazon, Walmart and Costco Wholesale have already achieved an increase in the hourly payment to $ 15. The Target Corporation wholesale and retail network intends to raise the basic income by 2020.
Last month, South Korea discussed raising the minimum wage. The participants in the public hearings, representing the workers, called on the government to raise wages to 10,000 won.