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A 2018 University of Washington study which investigated the effects of Seattle's minimum wage increases (from $9.50 to $11 in 2015 and then to $13 in 2016) found that while the second wage increase caused hourly wages to grow by 3%, it also caused employers to cut employee hours by 6%, yielding an average decrease of $74 earned per month per ...
Other increases may pay lip service to economic equity but don't impact real change. ... the latest initiative in 2023 proposed a gradual federal minimum wage increase to $17 by 2028. Currently ...
A recent analysis by UC Berkeley’s Institute for Research and Labor Employment concluded the economic impact of a $20 minimum wage is not as severe as critics warned.
The actual economic impact of a federal minimum wage increase is heavily debated. Opponents argue that raising the legal pay floor could result in job losses and do more harm than good.
In the annual minimum wage review decisions of 2019–20 and 2020–21, the FWC was considerably more constrained in setting minimum wages due to uncertain economic conditions during the COVID-19 pandemic and the 2020–21 decision noted the uncertainty of the impact of increases in the minimum wages for youth employment.
The Economic Policy Institute notes several potential benefits of a $15 federal minimum wage, including an increase in wages for 59% of those below the poverty line. ... the city of Portland will ...
On November 3, 2020, 61% of Florida voters passed Amendment 2, which raises the minimum wage to $10.00 per hour effective September 30, 2021, and then increases it annually by $1.00 per hour until the minimum wage reaches $15.00 per hour in 2026 and then reverts to being adjusted annually for inflation.
California implemented its $20 minimum wage law for fast-food workers on Monday, bumping pay up to 25% from the state’s $16 minimum. Impacting over 500,000 workers in the state, the mandate was ...