Today U.S. Senator Josh Hawley (R-Mo.) announced a plan to require companies with revenues of $1 billion or more to pay their employees $15 per hour. Senator Hawley’s plan would result in an immediate wage increase for millions of workers while avoiding a one-size-fits-all increase that would disadvantage small businesses.
Small business employees earning less than $15 per hour would benefit from Sen. Hawley’s recently introduced Blue Collar Bonus, which would provide a bonus to every worker making below the median wage directly through an automatic, advanceable tax credit tied to hours worked.
"For decades, the wages of everyday, working Americans have remained stagnant while monopoly corporations have consolidated industry after industry, securing record profits for CEOs and investment bankers. Mega-corporations can afford to pay their workers $15 an hour, and it’s long past time they do so, but this should not come at the expense of small businesses already struggling to make it."Senator Josh Hawley
Senator Hawley’s plan would require the minimum wage for billion-dollar corporations be indexed to the federal median wage after 2025.