The 8 Senate Democrats who voted against raising the minimum wage are collectively worth over $43 million
- Eight Senate Democrats rejected a proposal to raise the
minimum wageto $15.
- At least seven are millionaires, and collectively worth more than $43 million.
- The federal minimum wage hasn't be raised since 2009.
Eight Senate Democrats broke from the majority of their party on Friday to vote against a proposal from Sen. Bernie Sanders of Vermont to raise the minimum wage to $15, joining all 50 Republicans in the upper chamber to reject it. Their defections put the measure on course to fail.
Sanders' proposal defied a ruling from the Senate parliamentarian that a minimum wage increase could not be included in President Joe Biden's $1.9 trillion COVID-19 stimulus package.
At least seven of the eight Democrats, which includes an independent who caucuses with Democrats (Angus King), are millionaires. Collectively, these lawmakers are worth more than $43 million. Amid the
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Here are the eight Senate Democrats who voted against raising the minimum wage to $15, along with their individual net-worths based on the latest available information (the numbers come from Open Secrets, a non-profit research group that tracks money in
- Sen. Chris Coons of Delaware: $10.13 million
- Sen. Angus King of Maine: $9.49 million
Joe Manchinof West Virginia: $7.62 million
- Sen. Tom Carper of Delaware: $5.73 million
- Sen. Jeanne Shaheen of New Hampshire: $3.82 million
- Sen. Jon Tester of Montana: $3.67 million
- Sen. Maggie Hassan of New Hampshire: $3.47 million
- Sen. Kyrsten Sinema of Arizona: Not available
The federal minimum wage currently stands at $7.25 an hour. The last time it was raised was 2009, though some individual states have raised minimum pay above the federal rate.
There were 392,000 workers earning the federal minimum wage as of 2019, while 1.2 million earned less, according to an April 2020 Bureau of Labor Statistics report.
It now seems likely that if Biden hopes to make good on his campaign pledge to raise the minimum wage to $15, he'll have to bring it up via other legislation in the future.
Those who oppose raising the minimum wage - with Republican lawmakers among the most vocal opponents - often cite concerns that it would hurt businesses or employment.
But many top economists have thrown cold water on such fears, while underscoring how life-changing a minimum wage increase would be for many American workers. Treasury Secretary Janet Yellen during her confirmation hearing in January said an increase would have a "minimal, if anything" impact on jobs.
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