Federal wage increase 2025 refers to a potential increase in the federal minimum wage in the United States, scheduled to take effect in 2025. The current federal minimum wage is $7.25 per hour, which has not been raised since 2009. A federal wage increase would impact millions of low-wage workers across the country, potentially boosting their earnings and improving their economic well-being.
There are several arguments in favor of a federal wage increase. First, it would help to reduce poverty and income inequality. Many low-wage workers struggle to make ends meet, and a wage increase would provide them with a much-needed financial boost. Second, it would stimulate the economy by increasing consumer spending. When workers have more money to spend, they are more likely to spend it on goods and services, which can benefit businesses and create jobs. Third, it would help to close the gender and racial wage gaps. Women and workers of color are disproportionately represented among low-wage workers, and a wage increase would help to narrow the pay gap between them and their white male counterparts.
