The House of Representatives passed a bill Thursday that would more than double the federal minimum wage to $15 by 2025.
The bill, which passed by a 231-199 margin, was sponsored by Rep. Bobby Scott (D., Va.) and was a compromise that progressive Democrats struck with more centrist members of the party. It is unlikely to see a vote in the Senate, and the White House has signaled its opposition.
A study on the bill’s initial effects by the Congressional Budget Office report released this month showed that raising the federal wage floor to $15 by 2025 had the potential to lift 1.3 million people out of poverty, and increase pay for 17 million workers. But the study also showed such an increase could lead to 1.3 million people losing their jobs.View Article