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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 ...
In California, the state minimum wage as of January 1, 2024 was $16 per hour. [6] [note 1] As of July 2024, California had the highest minimum wage of any state and was the highest in the country except for some part of New York (which also have a $16/hour minimum wage) and the District of Columbia (which has a minimum wage of $17.50/hour). [9]
Following the enactment of the Puerto Rico Minimum Wage Act (Law 47 of 2021) there will be a yearly increase of the minimum wage from $7.25 to $10.50 per hour by July 1, 2024. Minimum wage increased to $8.50 on January 1, 2022, [ 329 ] with subsequent increases for all employees covered by the FLSA as follows: [ 330 ]
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).
The new year has ushered in a slew of minimum wage increases across the country. A total of 81 states and cities will be raising their minimum wages in 2022, and 44 cities will be increasing ...
A new report from the ... The minimum wage increase examined by CBO is similar to the wage increase called for in the Raise the Wage Act of 2019, which would bump the minimum wage to $15 by 2024 ...
Reuters reported that the board proposed "annual wage increases of between 4% and 7% through 2024" in addition to retroactive pay increases, one extra paid day off and five $1,000 annual bonuses. [13] By the end of August, three unions representing about 15,000 workers agreed to the recommendations made by the board. [14] [15]
The Social Security 2024 COLA increase was a lower 3.2%. Source: Social Security Administration The projected 2025 COLA for Social Security is 2.5%, according to an emailed September 11 TSCL press ...