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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 ...
The federal minimum wage should be increased in order to provide protection from inflation to young people. According to Pew Research, people aged 16–24 represent over 50 percent of minimum wage ...
Now, pointing to the state’s affordability issues, proponents of Proposition 32 would have you believe raising the minimum wage from $16 to $18 per hour offers a solution for entry-level workers ...
History of the US federal minimum wage. Lower line is nominal dollars. Top line is inflation-adjusted. [1] [2] The Raise the Wage Act is a proposed United States law that would increase the federal minimum wage to US$17. [3] [4] Versions of the bill have been introduced in each United States Congress since 2017.
But many progressives now say a yearslong phase-in toward $15 would be insufficient, especially following a period of elevated inflation, which has blunted some of the influence of minimum wage ...
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. [173]
A majority of states in the U.S. now decree a minimum wage above $7.25. Critics of a $15 minimum wage, including most Republicans, argue that a hike is bad for businesses that are also dealing ...
To ensure that your raise results in real wage growth, you might consider asking for a bump in pay that outpaces inflation. Mustain recommends asking for a minimum of 10% for standard work ...