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According to the study "a 10 percent increase in the minimum wage reduces the nonelderly poverty rate by about 5 percent." [125] [126] Similarly, a Morgan Study concluded that a national $15 minimum wage would lift tens of millions of Americans, potentially 32 million Americans, out of poverty, and would also improve racial wage gaps. [90]
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 ...
The Minimum Wage Fairness Act would amend the Fair Labor Standards Act of 1938 (FLSA) to increase the federal minimum wage for employees to: (1) $8.20 an hour beginning on the first day of the sixth month after the enactment of this Act, (2) $9.15 an hour beginning one year after the date of such initial increase, (3) $10.10 an hour beginning ...
1974. Minimum wage: $2 In 2025 money: $13.63 Had the government not increased the minimum wage in 1974, It would have cratered from $13.63 in today's money all the way down to $10.91, which is ...
Millions of low-wage earners are getting a raise in 2025 as 21 states are slated to hike their minimum pay starting Jan. 1. ... Ohio's minimum pay is increasing to $10.70 from $10.45 due to an ...
In July 2019, the U.S. House passed a bill that would raise the minimum wage to $15 per hour by 2025, which could increase the incomes of 17 milli on to 27 million minimum wage workers, according ...
No wage increase 8 May 1973 $2.04 $77.52 2% wage increase 2 May 1974 $2.08 $81.57 2% + $2.50 wage increase April 1975 $2.15 $81.88 3.6% wage increase September 1975 $2.23 $84.75 3.5% wage increase November 1975 Unchanged Unchanged Wage increase refused February 1976 $2.37 $90.16 6.4% wage increase May 1976 $2.44 $92.76 3% wage increase August 1976
The annual family earnings of nearly 56 million affected workers nationwide would rise by an average of $5,600. If no workers lose their jobs with a $15 minimum wage, 7.6 million…