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Minimal wage staff in 23 states and the District of Columbia acquired a elevate over the New 12 months’s vacation. based on the Financial Coverage Institute.
Largest enhance: Nebraska
As reported by Nebraska Public Media, voters determined in November elevate the state’s minimal wage to $15 an hour by 2026, an annual enhance of $1.50. It brings the state $10.50 an hour for this yr.
Smallest enhance: Michigan
In accordance with Michigan Radio. the primary progress of the state, which went into impact firstly of the yr, raised the state’s minimal wage to $10.10 by simply $0.23. However there may be second progress alternative which might elevate the state’s minimal wage to $13.03. Michigan Public Radio Community’s Rick Pluta has the main points.
Highest minimal wage: Washington state and Washington, DC
In November, District of Columbia voters determined phasing out the county minimal wage to match the District’s $16.10 an hour for staff over the following a number of years. how DCist’s Amanda Michelle Gomez explains“The success of the occasion additionally comes after 4 years taking virtually the identical initiative and that additional overthrow by the DC board“.
In the meantime, in Washington state, not solely did the state minimal wage enhance by $1.25 to $15.74 an hour, however, as KUOW reviews, The Metropolis of Seattle has raised the minimal wage for small and enormous employers at $0.75 and $1.42, respectively.
International locations the place the minimal wage is linked to the price of residing noticed a bigger decline than in earlier years
On account of current excessive inflation, minimal wage will increase in nations that take price of residing under consideration have been bigger than in earlier years. based on the Financial Coverage Institute. These embrace: Alaska, Arizona, California, Colorado, Maine, Minnesota, Montana, New Jersey, New York, Ohio, South Dakota, Vermont, and Washington.
— The New England minimal wage is anticipated to rise to $13 an hour by 2023. besides New Hampshirethe place it remained at $7.25 for over a decade.
– Columbus, Ohio, metropolis council raises minimal wage for staff corporations receiving $20 an hour financial incentives from town.
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