Rep. Al GreenAl GreenDems call for updated financial sector diversity probe Report: GAO to probe 'regulatory capture' of Wall Street watchdogs Dem compares Islamophobia to racial segregation MORE (D-Texas) has introduced a bill that would hike the federal minimum wage from $7.25 to about $13 per hour under current poverty guidelines.
Green's bill would require the minimum wage to be increased every four years so that anyone working full-time could earn an annual income that's at least 15 percent more than the federal poverty threshold for a family of four. Green said his measure would establish a realistic wage that could feasibly allow people to support their families.
Green noted that a full-time worker earning the current minimum wage of $7.25 makes $15,080 per year. That's below the federal poverty threshold of $23,850 for a family of four.
"This means that this full-time minimum-wage worker cannot support his/her family above the poverty threshold without some assistance," Green said.
Legislation to raise the minimum wage to $10.10 per hour has stalled in the Senate. House Republicans remain opposed to any hike in the minimum wage, citing a Congressional Budget Office report that raising the wage to $10.10 would cost 500,000 jobs.