Biden's plan for a $15 minimum wage could mean 1 in 5 Americans earn more. Nearly a third of Black workers would get a raise, research suggests.

By Sports Wire on January 27, 2021

Joe Biden
President Joe Biden is pushing for a $15 federal minimum wage.

  • Around a fifth of the US workforce would be better off if the federal minimum wage were boosted to $15 an hour, new research has found.
  • Nearly one-third of Black American workers would get a raise, the Economic Policy Institute (EPI) found.
  • The wage bump is a core component of President Joe Biden's $1.9 trillion stimulus plan.
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Nearly 32 million Americans would earn more under President Joe Biden's proposals to more than double the federal minimum wage to $15 an hour, according to calculations by thinktank Economic Policy Institute (EPI).

This is around 21% of the US's total workforce.

Women, minorities, and frontline workers would benefit the most, it found.

According to the EPI's research, if the federal minimum wage were boosted to $15:

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