The federal minimum wage has been $7.25 since 2009, despite pleas from organizations both within the U.S. and globally to raise the minimum wage to $15. President Joe Biden tried to incorporate raising the federal minimum wage to $15 an hour in the $1.9 trillion American Rescue Plan, but this measure ended up being dropped before the bill passed. Biden did, however, recently issue an executive order to raise the minimum wage from $10.95 to $15 for federal contractors. In addition, some individual states, cities and counties have implemented a $15 minimum wage, as have several major companies.

                By                    Gabrielle Olya

But not everyone is on board with raising the minimum wage, with some analysts believing that over 1 million Americans would lose their jobs. Research conducted by the Congressional Budget Office also found that an increase in the minimum wage would “reduce business income and raise prices” as companies pass on the higher costs of labor to consumers. In addition, it could slightly reduce the U.S.’s total output.

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The poll also found that 12% of Americans are in favor of keeping the minimum wage at $7.25, while 1% believe it should be even lower. And then there are those who don’t believe the U.S. should have a federal minimum wage at all, with 13% voting for this option.

Take a Look: What Happened When These Places Raised the Minimum Wage to $15

Who’s in Favor of Raising the Minimum Wage?

Homeowners vs. Renters

  • Homeowners are less than half as likely as renters to support raising the minimum wage to more than $15.
  • Homeowners are more likely than renters to believe that the U.S. should not have a federal minimum wage.

Men vs. Women

  • Men are more likely than women to believe that the U.S. should not have a federal minimum wage.
  • Women are more in favor of raising the minimum wage to $15 or more than $15.

Find Out: Here’s How Much Men vs. Women Earn at Every Age

Low- vs. High-Income Earners

  • People who earn less than $50,000 per year are more likely to be in favor of raising the minimum wage to over $15.

  • People who earn $100,000 or more are more likely to be in favor of keeping the minimum wage at $7.25.

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