President-elect Joe Biden’s plan for pandemic relief contains a $15 minimum wage mandate which Congress has estimated would lead to the loss of 1.3 million jobs.
“People tell me that’s going to be hard to pass. Florida just passed it. As divided as that state is, they just passed it. The rest of the country is ready to move as well,” Biden said.
Sen. Marco Rubio (R-Fla.) was less enthusiastic about the bill’s prospects.
The minimum wage in Florida is $8.56. The Sunshine State enacted a gradual increase to $15 minimum by 2026, beginning with a boost to $10 in September this year.
The Biden transition team did not respond to an earlier request to explain how the minimum wage mandate would help pandemic-stricken businesses that already struggle to cover the payroll.
With a price tag of $1.9 trillion, Biden’s stimulus bill would fund a campaign to administer 100 million CCP virus vaccine shots in 100 days, reopen the majority of K-8 public schools, provide $1,400 direct payments to individuals, and extend unemployment benefits beyond the end of March, among other provisions.