The Biden Administration is looking at proposing a $15 federal minimum wage increase. Arkansas’ minimum wage is currently $11 an hour, much higher than the current federal minimum of $7.25.
Michael Pakko said raising the federal minimum wage to 15 dollars would be a big change for Arkansas. The state’s median wage is $15.84, meaning half of the state’s workers earn less than the proposed minimum wage.
The change could cause some employers to reduce their staff. Inexperienced workers could struggle to get their foot in the door and the prices of goods may go up. But, it could lift some Arkansans out of poverty.
Read the full article on the THV11 website here.