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The federal minimum wage is just $7.25, but it’s set to increase in some states starting next year. Depending on where you live, this means you could end up with extra income each month.
For example, they look at the 1992 increase in New Jersey's minimum wage, the 1988 rise in California's minimum wage, and the 1990–91 increases in the federal minimum wage. In addition to their own findings, they reanalyzed earlier studies with updated data, generally finding that the older results of a negative employment effect did not hold ...
Millions of low-wage earners are getting a raise in 2025 as 21 states are slated to hike their minimum pay starting Jan. 1. ... Michigan's minimum wage is slated to be $10.56, up 23 cents, due to ...
Minimum wage increases in the past few years have helped Americans keep pace with annual inflation that reached a 40-year high of 9.1% in mid-2022 before gradually falling to 2.6% recently.
The Raise the Wage Act of 2017, which was simultaneously introduced in the House of Representatives with 166 Democratic cosponsors, would raise the minimum wage to $9.25 per hour immediately, and then gradually increase it to $15 per hour by 2024, while simultaneously raising the minimum wage for tipped workers and phasing it out. [174]
However, the city of Portland will increase its minimum wage to $13, $14 and then $15 at the beginning of 2022, 2023 and 2024, respectively. And that is not the only caveat to state minimum wage laws.
Minimum wage law is the body of law which prohibits employers from ... The act implemented three increases to the federal minimum wage—from $5.15 an hour to $5.85 ...
This group will see the largest minimum-wage increase in the country – $2.28 – with the state’s new minimum wage of $11.13 for all employers. Washington, DC, continues to have the highest ...