Minimum Wage

President Biden told a group of political leaders that he does not see the proposed minimum wage hike passing as he prepares to use reconciliation to pass his coronavirus relief bill, a source present during the discussion confirmed to FOX Business.

The National Restaurant Association sent a letter to congressional leaders Tuesday urging them against raising the minimum wage to $15 an hour, saying that it would force businesses to cut jobs, decrease hours, increase menu prices, and close down altogether in some cases. 

The effort to push through the $15 an hour minimum wage is facing an unexpected roadblock: President Biden himself.

A $15 minimum wage would “destroy capitalism” by denying young people the “first rung on the ladder of economic opportunity, Foundation for Economic Education opinion editor Brad Polumbo warned on Monday.

The $15 federal minimum wage increase proposed by Democrats will lead to higher child care costs for many families as child care providers pass on the costs of higher wages to parents, according to an analysis from the conservative-leaning Heritage Foundation.

Rep. Alexandria Ocasio-Cortez on Thursday reiterated her push for President Biden to unilaterally cancel billions of dollars in student loan debt.

Amazon global corporate affairs senior vice president Jay Carney said a $15 wage hike is "good for business," citing positive impacts on its employee morale and retention and a surge in job applications.

House Democrats on Monday unveiled their proposal to expand the Child Tax Credit as part of President Biden’s $1.9 trillion relief effort.

Texas businesses could be strangled by Democrats' $15 minimum wage proposal if it passes in Congress, the governor's office warned Monday.

A push by Democratic lawmakers and President Biden to increase the federal minimum wage from $7.25 to $15 an hour by 2025 would cut employment by 1.4 million.

President Biden is risking an early clash with progressive Democrats over a proposed minimum wage hike.

President Biden conceded that his push to fold a $15 minimum wage into a broader COVID-19 relief package likely won't "survive." 

President Biden says his proposal to raise the federal minimum wage to $15 an hour will lift many low-wage workers out of poverty, but some businesses and economists warn it could cost jobs as the U.S. recovers from pandemic layoffs.

The Democratic push to raise the federal minimum wage to $15 an hour has emerged as an early flashpoint in the fight for a $1.9 trillion COVID-19 relief package.

The Raise the Wage Act is a big concern for the franchise industry.

A New York restaurant owner is speaking out against the proposed federal minimum wage hike, which he believes could harm small businesses trying to stay afloat during the coronavirus pandemic.

President Biden's push to raise the federal minimum wage to $15 an hour as part of a broader coronavirus relief package could be a "death knell" for businesses still reeling from the pandemic, according to a new study published this week.

Rep. Debbie Dingell, D-Mich., argued that essential workers are "worth" higher wages.

A group of Democratic lawmakers reintroduced legislation on Tuesday to raise the federal minimum wage to $15 per hour by 2025 — and indicated they may use a powerful procedural tool to pass the bill using their slimmest-possible Senate majority.

Rep. Ro Khanna, D-Calif., indicated the policy could lift many Americans out of poverty.