President Biden used university student personal loan reform to ‘push the thought that $15 should really be the bare minimum wage,’ pro states. Here’s how

President Biden used university student personal loan reform to ‘push the thought that should really be the bare minimum wage,’ pro states. Here’s how

Vital Factors

President Joe Biden mentioned Wednesday that the federal government would forgive up to $20,000 in federal university student financial loans for each borrower.
He also proposed reforms to money-pushed reimbursement designs. One particular improve with regards to “non-discretionary” revenue is joined to a $15 hourly minimum amount wage.
The White Residence and numerous Democrats have been pushing for a $15 nationwide pay out ground. The recent minimum amount wage is $7.25 an hour.

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