To End 'New Gilded Age,' House Progressives Unveil Bill to Raise Federal Minimum Wage to $25 Per Hour | Common Dreams
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​"We need an economy that reflects the realities of 2026, not one stuck over a decade ago," said the newly sworn-in Rep. Analilia Mejía, who helped lead the campaign to raise wages in her home state of New Jersey.

A pair of progressive Democrats unveiled a bill on Tuesday that would raise the federal minimum wage to $25 per hour, considered the bare minimum a single adult needs to meet the cost of living in much of the US.

The Living Wage For All Act is the first bill to be introduced by the newly sworn-in Rep. Analilia Mejía (D-NJ), who won a special election earlier this month after helping to lead the fight for a $15 minimum wage in her home state of New Jersey.

  • wewbull@feddit.ukEnglish
    1·
    11 hours ago

    Yes it may have an effect on prices, but there are second order effects. One example is that it would also have an effect on a huge number of people’s ability to pay those prices. A customer base that can afford goods will likely increase sales. Increasing sales can increase revenue.

    Markets are complex dynamic systems and often the key to getting a healthy economy is removing choke points where money doesn’t flow. Not paying people enough kills demand. An economy with low demand is dying.