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Updated January 31, 2021
File photo: U.S. President Joe Biden signs an executive order as Vice President Kamala Harris looks on during an event on economic crisis in the State Dining Room of the White House January 22, 2021 in Washington, DC. Alex Wong/Getty Images/AFP
When President Joe Biden unveiled a $1.9 trillion stimulus proposal earlier this month, few were surprised by the plan’s hefty price tag or sweeping scope.
More striking was Biden’s inclusion of a measure to more than double the federal minimum wage to $15.
The move, backed by leading Democrats including left-wing Senator Bernie Sanders, establishes the fight for higher wages as a top priority for the new administration, potentially leading to one of Washington’s boldest adjustments in US social and labor policy in decades.
Biden-Harris policy: stimulus checks, paycheck protection, and what comes next
Biden-Harris policy: stimulus checks, paycheck protection, and what comes next Raymond Banke / Senior Staff Illustrator By Jennifer Zhang | January 30, 2021, 11:55 PM
President Joe Biden and Vice President Kamala Harris are inheriting the worst economic crisis since the Great Depression though the stock market won’t tell you that. The United States’ K-shaped recovery, through which billionaires reap record profits while average families lose income, is symptomatic of an economic system that siphons money to the already wealthy at the expense of working Americans. The pandemic has only accelerated this trend.
Stimulus checks and paycheck protection measures likely to be implemented as Democrats have gained control of Congress are essential to restoring the economy. But they will not fix the underlying structural problems that led to billionaires gaining over one trillion dollars while tens of m
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