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.

  • Croquette@sh.itjust.works
    2·
    4 days ago

    Payroll is only the fraction of the price for any product or service.

    If you raise your payroll, it only raise the price for your product or service by the percentage of the payroll cost for your product or service.

    So yes, things will cost more, but the employees pay will raise more than the price of the product or service, giving more buying power to the employees.

    This is a really dumbed down explanation. There are other factors to consider when pricing something. But considering that payroll is only a portion of the price equation, any increase in dollar per hour is beneficial to the employees and will outpace the increased cost of the product or service.