"22 States Boost Worker Pay with 2024 Minimum Wage Increases"
TL;DR Summary
In 2024, 22 U.S. states have raised their minimum wage to support lower-income workers amidst high inflation, with increases ranging from $0.23 to $2 per hour. This change is expected to provide an additional $7 billion in wages to nearly 10 million workers. Three more states will raise their wages later in the year. The federal minimum wage remains unchanged at $7.25 per hour, while states like Washington have set the bar at $16.28, the highest in the nation.
Topics:business##economicpolicyinstitute#economy#inflation#laborpolicy#minimumwageincrease#statewagehikes
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