Senate Republican blocked increase in the minimum wage Bill

US Senate Republicans on 30 April 2014 blocked a Bill to increase the federal minimum wage for the first time since 2009.

Created On: May 2, 2014 18:20 IST

US Senate Republicans on 30 April 2014 blocked a Bill to increase the federal minimum wage for the first time since 2009.

The Bill comprised to raise the minimum hourly wage from its current 7.25 US dollar to 10.10 US dollar per hour during the next three years, and then index for inflation in the future.

The Bill aimed to give rise to wages of 28 million Americans.

On a nearly party-line vote of 54-42, the bill failed to attain the 60 votes needed to proceed to final passage.

imageThe non-partisan Congressional Budget Office estimated that the bill would raise the wages of 16.5 million Americans and lift 900000 of them out of poverty.

But it also estimated the bill could cost up to 1 million Americans their jobs because businesses may simply be unable to afford to pay them.

Republicans asserted that it would be unaffordable for employers. The Bill raised the incomes of 16.5 million Americans while eliminating 500000 jobs.

In response, Democrats argued that an increase in the minimum wage would boost the economy overall by getting more money into it.

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एग्जाम की तैयारी के लिए ऐप पर वीकली टेस्ट लें और दूसरों के साथ प्रतिस्पर्धा करें। डाउनलोड करें करेंट अफेयर्स ऐप

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