Perspectives from Main Street: Raising the Wage

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The federal minimum wage has not risen from $7.25 since 2009, marking the longest period without an increase since its creation in 1938. Meanwhile, the value of the minimum wage has eroded, and lower-income workers and families have struggled to keep up with the increasing cost of living. As a result, Congress is considering the Raise the Wage Act of 2021, which would incrementally raise the federal minimum wage to $15 by 2025. This policy change will impact small businesses and workers all over the country. The hearing will give Members the opportunity to hear from stakeholders about the challenges and benefits of raising the minimum wage.