The winners and losers of a minimum wage hike
Millions of Americans could get a pay hike if a Democrat wins the White House. Most of President Trump’s 20-plus challengers have vowed to raise the minimum wage to $15, up from $7.25 today. Front-runner Joe Biden said the move was long overdue. Elizabeth Warren opined that doing nothing threatens the survival of the American family. And Bernie Sanders – who has long championed raising national pay standards – said it’s time companies pay their workers, 'a living wage.' The idea isn’t new. Wage hikes have already been approved by lawmakers in several blue states including California, Illinois and Massachusetts (Massachusetts’s minimum wage is set to always be higher than the federal average).
