{"id":115136,"date":"2021-03-02T16:36:09","date_gmt":"2021-03-02T16:36:09","guid":{"rendered":"https:\/\/precoinnews.com\/?p=115136"},"modified":"2021-03-02T16:36:09","modified_gmt":"2021-03-02T16:36:09","slug":"the-7-25-minimum-wage-cant-pay-all-the-bills-in-any-state","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/the-7-25-minimum-wage-cant-pay-all-the-bills-in-any-state\/","title":{"rendered":"The $7.25 minimum wage can\u2019t pay all the bills in any state"},"content":{"rendered":"
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It appears Democrats won't add a $15 federal minimum wage to the $1.9 trillion Covid relief bill, after legislative setbacks.<\/li>\n
The current federal minimum wage, $7.25 an hour, isn't enough for full-time workers to pay bills in any state, according to living-wage data published by researchers at the Massachusetts Institute of Technology.<\/li>\n
Low-paid workers may need to work extra jobs to pay bills and are often unable to save for emergencies. <\/li>\n<\/ul>\n
After legislative setbacks, Democrats appear to have scrapped plans to add a $15 federal minimum wage to the $1.9 trillion Covid relief bill being weighed in Washington.<\/p>\n
That means the current national wage floor \u2014 $7.25 an hour, or about $15,000 a year before tax \u2014 will likely remain in place for the short term.<\/p>\n
The current minimum wage doesn't cover the cost of living for full-time workers in any U.S. state, according to cost-of-living data published by researchers at the Massachusetts Institute of Technology.<\/p>\n