An increase to a $15 minimum wage marks a core component of Biden's new stimulus plan

An increase to a $15 minimum wage marks a core component of Biden's new stimulus plan

Tayfun Coskun/Anadolu Agency/Getty Images

President-elect Joe Biden's new stimulus package included an increase of the federal minimum wage to $15 an hour.

Biden cited the passage of the minimum-wage increase in Florida as reasoning for passing this measure for the whole country.

Lawmakers and economists disagree on the effects the wage increase will have on the economy, with conservatives noting concerns for labor markets.

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President-elect Joe Biden's newly unveiled stimulus plan includes a federal minimum wage increase to $15 an hour, although the measure is likely to face pushback in Congress.Currently set at $7.25 an hour, Biden moved to nearly double the country's minimum wage in his $1.9 trillion economic relief package. The plan would also include the elimination of separate minimum-wage thresholds for workers who receive tips and workers with disabilities - a statement that received wide support due to its inclusivity of all workers."No one working 40 hours a week should live below the poverty line," Biden said in a speech on Thursday. "People tell me that's going to be hard to pass. Florida just passed it - as divided as that state is - they just passed it. The rest of the country is ready to move as well."In November, Florida passed a ballot measure that moved to increase the minimum wage to $15 an hour, which is significant because although a minimum wage increase is a primary issue for Democrats, the measure passed in a state that President Donald Trump won.
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