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A $15 federal minimum wage could be on the horizon but economists are mixed on how it may pass and its impact

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More than a decade since the last federal minimum wage increase, the country could be on track to see more than a doubling of the current rate by the year 2025, but only if Democrats can get the measure passed.

As part of President Joe Biden’s $1.9 trillion stimulus plan, he included a measure to raise the minimum wage from its current $7.25 to $15 an hour. Then last week, Democrats introduced the Raise the Wage Act of 2021, a separate bill proposal that would increase the rate to $15 an hour gradually by details ⇒

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