The presidential hopeful's plan would raise the federal minimum wage by more than 60 percent.
Democratic front-runner Hillary Clinton’s plans of increasing the federal minimum wage have finally materialized. After alluding to an increase for some time, including during the first Democratic primary debate, her specific plan emerged during two campaign stops on Nov. 3.
“I favor a $12 an hour minimum wage at the federal level,” Clinton said at an event in Coralville, Iowa, according to MSNBC. That would almost double the wage from its current standing at $7.25—yet it’s still less than the $15 minimum wage endorsed by fellow Democratic hopeful Bernie Sanders.
JOIN THE FIGHT: NFIB continues to advocate against minimum wage increases across the country.
And while the debate around minimum wage increases looks like it’ll continue to be a sticking point for whoever emerges from the Democratic party, recent studies have pointed to the damaging effects of minimum wage increases—including leading to lower profits, fewer jobs and overqualified workers.
*Note: This news coverage does not equate to an endorsement of any candidate by NFIB.
photo credit: Marc Nozell