
GOP Sen. Josh Hawley teams up with Dem to hike federal minimum wage to $15 per hour
Sens. Josh Hawley, R-Mo., and Peter Welch, D-Vt., are pushing legislation that would hike the federal minimum wage to $15 per hour and provide for annual increases to account for inflation.
The proposal would implement a dramatic increase from the current $7.25 per hour federal minimum wage, which has been in place for more than 15 years.
'For decades, working Americans have seen their wages flatline. One major culprit of this is the failure of the federal minimum wage to keep up with the economic reality facing hardworking Americans every day. This bipartisan legislation would ensure that workers across America benefit from higher wages,' Hawley said, according to press releases from both lawmakers.
The purchasing power of the U.S. dollar has eroded significantly over the years due to inflation.
Under the proposed legislation, the yearly increases to the initial $15 per hour federal minimum wage would be based on 'the percentage increase, if any, in the Consumer Price Index for Urban Wage Earners and Clerical Workers (or a successor index), as published by the Bureau of Labor Statistics' and would be 'rounded to the nearest multiple of $0.05, if the amount … is not a multiple of $0.05.'
3 'This bipartisan legislation would ensure that workers across America benefit from higher wages,' Senator Josh Hawley said about legislation that would hike the federal minimum wage to $15 per hour.
Jack Gruber-USA TODAY via Imagn Images
3 The legislation, which would also provide for annual increases to account for inflation, is supported by Senator Peter Welch.
AP
3 The purchasing power of the U.S. dollar has decreased over the years due to inflation.
Amy Covington/Stocksy – stock.adobe.com
'We're in the midst of a severe affordability crisis, with families in red and blue states alike struggling to afford necessities like housing and groceries. A stagnant federal minimum wage only adds fuel to the fire. Every hardworking American deserves a living wage that helps put a roof over their head and food on the table–$7.25 an hour doesn't even come close,' Welch said, according to the releases.
'Times have changed, and working families deserve a wage that reflects today's financial reality. I'm proud to lead this bipartisan effort to raise the minimum wage nationwide to help more folks make ends meet,' the senator added.
In post on X, conservative commentator Dana Loesch decried the idea of raising the federal minimum wage, pushing back against Hawley's advocacy for the policy.
'This is a horrible, progressive idea,' Loesch asserted in the tweet.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
23 minutes ago
- Yahoo
Prosperity Bancshares (NYSE:PB) shareholders have earned a 7.5% CAGR over the last five years
When you buy and hold a stock for the long term, you definitely want it to provide a positive return. Better yet, you'd like to see the share price move up more than the market average. But Prosperity Bancshares, Inc. (NYSE:PB) has fallen short of that second goal, with a share price rise of 22% over five years, which is below the market return. Looking at the last year alone, the stock is up 15%. So let's assess the underlying fundamentals over the last 5 years and see if they've moved in lock-step with shareholder returns. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. Over half a decade, Prosperity Bancshares managed to grow its earnings per share at 1.8% a year. This EPS growth is slower than the share price growth of 4% per year, over the same period. This suggests that market participants hold the company in higher regard, these days. That's not necessarily surprising considering the five-year track record of earnings growth. You can see below how EPS has changed over time (discover the exact values by clicking on the image). We know that Prosperity Bancshares has improved its bottom line lately, but is it going to grow revenue? Check if analysts think Prosperity Bancshares will grow revenue in the future. When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, Prosperity Bancshares' TSR for the last 5 years was 43%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments! It's nice to see that Prosperity Bancshares shareholders have received a total shareholder return of 19% over the last year. And that does include the dividend. That's better than the annualised return of 7% over half a decade, implying that the company is doing better recently. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. It's always interesting to track share price performance over the longer term. But to understand Prosperity Bancshares better, we need to consider many other factors. Consider for instance, the ever-present spectre of investment risk. We've identified 1 warning sign with Prosperity Bancshares , and understanding them should be part of your investment process. If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of companies that have proven they can grow earnings. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. — Investing narratives with Fair Values Vita Life Sciences Set for a 12.72% Revenue Growth While Tackling Operational Challenges By Robbo – Community Contributor Fair Value Estimated: A$2.42 · 0.1% Overvalued Vossloh rides a €500 billion wave to boost growth and earnings in the next decade By Chris1 – Community Contributor Fair Value Estimated: €78.41 · 0.1% Overvalued Intuitive Surgical Will Transform Healthcare with 12% Revenue Growth By Unike – Community Contributor Fair Value Estimated: $325.55 · 0.6% Undervalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.


New York Post
29 minutes ago
- New York Post
Jewish New Yorkers rip Gov. Hochul for failing to help evacuate those stranded in Israel amid conflict with Iran
Gov. Hochul has done 'nothing' to evacuate New Yorkers stranded in Israel as missiles from Iran rain down on the country — while Florida Gov. Ron DeSantis has helped get hundreds of people to safety, angry families told The Post. Frantic calls to Hochul's office this week went unanswered, according to those trying to get their relatives home. 'It wouldn't even occur to Hochul to help constituents stranded in a war zone,' fumed one Long Islander with a teen relative studying in Israel. 'She's doing nothing.' Meanwhile, DeSantis contracted with the nonprofit Grey Bull Rescue to help about 1,500 Americans from multiple states get home. 4 Hochul was accused of 'deafening silence' on the issue of Americans who have been stranded in Israel. Gabriella Bass With Israel's airspace almost completely shut down, about 5,000 Americans have sought help, with the number of requests 'skyrocketing,' according to the rescue group. Desperate, they're taking ships from Israel to Lanarca in Cyprus, or traveling by land to Amman, Jordan and flying to Cyprus in a bid to get to America — all with the help of DeSantis' operation, which arranged for four wide-bodied chartered planes to collect them. So far DeSantis has welcomed two flights. 4 Gov. DeSantis had his state contract with a rescue group to help get Americans home. Getty Images 'She should be doing what DeSantis did — partner with private contractors to get your citizens out,' the frantic relative, who did not want to be named for fear of retaliation, said of Hochul. 'She should have organized this already,' the relative added. 'There's no excuse to sit on her hands as she heads the state with the most Jews in the country.' Erika Reichelscheimer said she felt 'completely abandoned' after calling the governor every day to no avail about her elderly parents, who were on a week's vacation in Israel when the conflict erupted June 13. 4 About 1,500 Americans have fled Israel thanks to Florida Gov. Ron DeSantis, he said. Erez Uzir, courtesy of Birthright Israel 'We cannot even get a call back,' said Reichelscheimer. 'Disappointed is an understatement.' 'I haven't even seen Hochul say anything,' said Reichelscheimer, 34, Her dad is running out of his heart medication. Meanwhile her brother, in Israel separately, was able to flee because of DeSantis' efforts, she said. Asked what message she would give to Hochul, a distraught Reichelscheimer begged: 'Please use your vast resources and platform as the governor of New York to help your constituents that are literally in a life or death situation abroad. The silence from your office on this has been deafening.' 'DeSantis is doing what he is supposed to do,' said a Long Island couple whose 18-year-old is stranded and who also requested anonymity. 'We wish Hochul was doing the same.' 4 Elise Stefanik slammed Hochul as a 'disgrace' for failing to get New Yorkers home from Israel. CQ-Roll Call, Inc via Getty Images Rep. Elise Stefanik, who is believed to be challenging Hochul in the next election, slammed the governor. 'No answers from the Governor. No action. Not even the dignity of a call back. It's an utter disgrace. Kathy Hochul continues to prove she is the worst governor in America,' said Stefanik. 'Just last week, she proudly handed $50 million in New Yorkers' hard-earned taxpayer money to illegal migrants — and now, when actual New Yorkers are trapped in a war zone, she's doing absolutely nothing.' 'It's an absolute farce what's going on and Hochul should be ashamed of herself,' railed former veteran state assemblyman Dov Hikind, who said he's fielded countless phone calls from those looking for help. Hochul is a 'steadfast ally to Israel and to New York's Jewish community,' her spokesman, Avi Small said, adding the administration is 'in active conversations with Governors from other states with large Jewish populations to determine how to coordinate travel for constituents if commercial flights do not resume.' Roughly 1.4 million Jews live in New York state.
Yahoo
33 minutes ago
- Yahoo
Poll shows Trump's clash with courts puts Senate GOP on defense
New polling of likely voters in Senate battleground states has found President Trump's frequent clashes with federal courts are becoming a hot issue that could put Senate Republican candidates on the defensive in 2026. A poll of 1,000 likely voters in 2026 Senate battlegrounds, obtained exclusively by The Hill, found that 53 percent disapprove of Trump's handling of the courts, including 89 percent of Democrats, 55 percent of independents and 39 percent of self-identified non-MAGA Republicans. The poll was conducted by Global Strategy Group, a Democratic-aligned polling firm, on behalf of Demand Justice, a Democratic-aligned judicial advocacy group. The survey found that more than two-thirds of voters, 72 percent, said they are concerned about Trump's response to court orders and 48 percent said they were extremely concerned by what they saw as the president's refusal to obey court orders. The poll found that 68 percent of voters surveyed said they viewed congressional Republicans as helping Trump evade legal norms, and 44 percent said they viewed that dynamic as extremely concerning. It surveyed voters in Colorado, Georgia, Maine, Michigan, Minnesota, North Carolina, New Hampshire, New Mexico, Ohio and Texas. The Senate's two most vulnerable Republican incumbents are Sens. Thom Tillis (R-N.C.) and Susan Collins (R-Maine), and Sen. Jon Ossoff (D-Ga.) is the chamber's most vulnerable Democrat. 'The data is clear: Americans increasingly reject Donald Trump's attacks on the rule of law and the courts. Over two-thirds are concerned about this blatant disregard for court orders and the threat that it poses to the rights of every person in this country,' said Maggie Jo Buchanan, the interim executive director of Demand Justice. 'When Trump treats judicial rulings as mere suggestions instead of legally binding obligations, it sends a chilling message that our legal protections are meaningless,' Buchanan added. 'An overwhelming majority of Americans across the political spectrum are concerned that this calculated defiance sets a precedent where individuals may face unfair trials, see their rights disregarded without consequence, and find themselves powerless to seek justice,' she added. U.S. District Judge for the District of Columbia James Boasberg criticized the Trump administration earlier this year for disregarding his order to stop the deportation of alleged Venezuelan gang members to El Salvador. The administration argued the deportation flights had already departed the United States at the time Boasberg issued his order and asserted they later complied with a written order. The Trump White House has also come under criticism for barring a reporter and photographer from The Associated Press from the Oval Office in April despite a court order from U.S. District Judge for the District of Columbia Trevor McFadden ruling the government could not retaliate against the news agency for refusing to follow Trump's order renaming the Gulf of Mexico the Gulf of America. The poll also found 70 percent of voters that Trump's allies in Congress will help him pick judges who will do what he wants instead of acting independently, with 43 percent of respondents saying they're 'extremely' concerned. The poll's sample included 44 percent of self-identified Democrats, 44 percent of self-identified Republicans and 12 percent of self-identified independents. It was conducted between May 28 and June 1 and had a margin of error of 3.1 percent. Updated at 8:43 a.m. EDT Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.