The impact of the American Worker earning a higher salary.
The impact of the American Worker earning a higher salary.
In this section, we will explore the impact of the American worker earning a higher salary. We will highlight some of the positive effects that a wage increase can have on the economy and overall well-being.
wage increase can have profound effects on American workers
- Increased Consumer Spending: Higher wages lead to more disposable income and increased demand for goods and services, which stimulates economic growth and supports businesses.
- Boosted Productivity: Well-paid workers are more motivated and productive, benefiting the economy as a whole.
Credits and Compensation
American Workers Act “Credits and Compensation”
How Does It Works: Example
An average American worker earning $15/hour.
Worker completes W-2 forms and an American Workers Act card.
The card is sent to the government for verification of work credits. Once this is complete, the worker will receive the benefits of the American Workers Act.
Government Supplement:
For every 2 work credits earned, the government provides an additional $1 per hour. This support continues until the worker accumulates 40 credits.
Example:
A worker with 20 credits receives an additional $10 per hour, provided by the government rather than the employer. Therefore, if an employee applies for a job that pays $17 per hour, the government will supplement the remaining $10 per hour.
Review and Adjustment:
Credits are reviewed every 3 years.
Adjustments are made to the raise for the employee.
Maximum government supplement is $20/hour for 40 credits earned.
Eligibility:
This system only rewards hard working American citizens for their hard work.