James48843
Well-known member
[h=3]On or about January 1st, the minimum wage is set to increase in 21 states, while another 26 cities and counties are also expected to raise the minimum starting pay.[/h]
Meanwhile - the Federal Minimum Wage stands frozen at $7.25 for the 11th year without a raise.
- Since 2009, the federal minimum wage has been $7.25, but by the end of next year, there are at least 25 states scheduled to raise the minimum wage, with some having plans to reach a $15 baseline pay within three to five years.
- The pay hikes will benefit about 6.8 million workers with estimates that the bump in wages could increase a worker’s income range from $150 to as high as $1,700 for full-time year-round workers.
- Federal lawmakers have discussed raising the minimum wage to $15 by 2024, which would potentially benefit up to 27 million workers, but 1.3 million people would also lose their jobs according to analysis from the Congressional Budget Office.
Meanwhile - the Federal Minimum Wage stands frozen at $7.25 for the 11th year without a raise.
