The U.S. House of Representatives on Thursday passed legislation to raise the fe...
Even some opposed to the move like fast-food chain operator McDonald’s Corp said recently it would no longer fight proposals to raise the federal minimum wage.
The bill increases entry-level wages for millions of American workers from the current $7.25 an hour - about $15,000 a year for someone working 40 hours a week, or about $10,000 less than the federal poverty level for a family of four. It has remained unchanged since 2009. “This is a historic day,” said House Speaker Nancy Pelosi, adding this is about 33 million people in the country getting a raise. “No one can live in dignity with a $7.25 an hour wage. Can you?,” she said.
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