UPDATED 5:30 PM PT – Friday, February 26, 2021
Sen. Josh Hawley (R-Mo.) proposed a $15 per hour minimum wage for companies making $1 billion dollars or more. On Friday, Hawley announced the bill as an alternative to Democrats’ across-the-board minimum wage hike.
Senator Josh Hawley announces legislation to require $15 minimum wage for billion-dollar corporations 👇🏼 pic.twitter.com/td2r9cTuzl
— Stephanie Myers (@_StephanieMyers) February 26, 2021
He said his plan would result in an immediate wage increase for millions of workers while avoiding a one-size-fits-all approach, which would destroy small businesses. Hawley noted wages for blue-collar workers have been stagnant for decades and the situation was made worse by the government shutting down the economy in 2020.
“It’s time we give blue-collar workers some respect and a pay raise,” Hawley stated. “This plan would deliver meaningful relief for families and working Americans through higher pay while incentivizing and promoting work.”
The biggest corporations in America can afford to pay their workers $15 an hour. Raise the minimum wage for big business, not small business
— Josh Hawley (@HawleyMO) February 23, 2021
In addition, small business employees earning less than $15 per hour would be provided a bonus through an automatic tax credit tied to the number of hours worked.
Today I’m introducing legislation to increase the minimum wage for big business – Senate should take an up or down vote on it https://t.co/CHe2QGemSh
— Josh Hawley (@HawleyMO) February 26, 2021