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Rachel Greszler from the conservative Heritage Foundation writes that low wage-workers and the economy at large are hurt more than helped by upping the minimum wage.
The first federal minimum wage was created as part of the National Industrial Recovery Act of 1933, signed into law by President Franklin D. Roosevelt, but declared unconstitutional. In 1938 the Fair Labor Standards Act established it at $0.25 an hour ($5.19 in 2022 dollars).
Most recently, in 2021, the Senate rejected a bid by Democrats to increase the federal minimum wage to $15 an hour by 2025 as part of President Biden’s $1.9 trillion stimulus plan.
For anyone working a minimum wage job in this new year, they will be paid more in 22 states and in at least 40 cities and counties across the country than they were in 2023.
In 2019, the CT government passed a law raising the minimum wage to $11.00 on October 1, 2019. The minimum wage increased to $14.00 on July 1, 2022, and $15.00 on June 1, 2023. Starting on January 1, 2024, the minimum wage will be indexed to the Employment Cost Index. [222] Delaware: $15.00 $2.23
Minimum wage law is the body of law which prohibits employers ... 1 July 2023 [29] $23.23 $882.80 ... In Brazil each increase the minimum wage results in a ...
Virginia: The minimum wage will increase from its current $11 to $12 on Jan. 1, 2023. Illinois: The minimum wage will increase from its current $12 to $13 on Jan. 1, 2023. Rhode Island: The ...
The second tipped minimum wage increase will take place two months later on July 1, 2023, [8] and gradually increase annually until the tipped minimum wage equals the prevailing minimum wage on July 1, 2027. Due to the variability of the consumer price index, the exact annual minimum wage increases cannot be known for 2024 through 2027.