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New laws in Virginia take effect on January 1, 2025. Notable new laws include minimum wage increase, changes to the Virginia Human Rights Act, and retirement savings plans for all employees.
The aim of the act is to prevent sexual harassment in the workplace and drive a culture change. It was supported both in the House of Commons and the House of Lords by the Conservative Government, and was in the series of new employment law reforms of the 2022-23 session.
New York enacted a pay transparency law in 2023. The law requires employers to publicly disclose job salary ranges. [6] Massachusetts enacted a pay transparency law in July, 2024, which applies to businesses with more than 24 employees, with data reporting for businesses with 100 or more employees. [7]
[nb 5] In 2023, the California State Legislature passed a law on a new minimum wage for fast food workers at $20.00. The new minimum wage took effect on April 1, 2024. It affects the following restaurants: Has little to no table service; Part of a chain of at least 60 locations nationwide; Sells food and beverage for immediate consumption
Unlike state tax laws, which can shift and change with cost of living and inflation, the income thresholds and tax rates for federal taxation of Social Security haven’t changed in 30 years.
On November 5, 2024, at 9:00 PM ET, polls in New York closed. On the same night, at 9:31 PM PT, the Associated Press projected the passage of Proposal 1. [42] According to the certified results from the New York Board of Elections, the proposal passed with 56.99% in support, 34.23% opposed, and 8.78% of votes blank. [5]
At the conclusion of its seventh and penultimate rate-setting policy meeting of 2024 on November 7, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 25 ...
Modern US labor law mostly comes from statutes passed between 1935 and 1974, and changing interpretations of the US Supreme Court. [11] However, laws regulated the rights of people at work and employers from colonial times on. Before the Declaration of Independence in 1776, the common law was either uncertain or hostile to labor rights. [12]