This week, the House of Representatives will vote on the Raise the Wage Act, which would make $15 an hour a reality for nearly all American workers by 2024. And it's expected to pass.
New York Nearly seven years ago, a week after Black Friday, a few dozen workers walked off their New York City fast food jobs to demonstrate for higher pay. The median wage for fast food workers was $9 an hour, CNN reported at the time. The demand that would soon emerge as the movement's rallying cry — $15 and a union — seemed hopelessly ambitious, like a wild-eyed opening bid.
This week, the House of Representatives will vote on the Raise the Wage Act, which would make $15 an hour a reality for nearly all American workers by 2024, up from the current national minimum wage of $7.25 an hour. And it's expected to pass.Fight for $15 Although the bill still has to make it through the Republican-led Senate and past the President's desk — a near-impossibility, at least in its current form — the House vote sets the stage for a final victory if Democrats win back the Senate and White House in 2020. That would break the longest period America has gone without raising the minimum wage since it was originally instituted, back in 1938. The path from then to now has been a remarkable journey.
But most of those increases have been in relatively hot job markets, where — at least in the past few years — employers have no choice but to cough up to stay fully staffed, even if it means raising prices. That could be a different story in places with weaker local economies, where businesses are operating on thinner margins and don't have as much room to charge more.
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