"New Year Rings in Minimum Wage Hikes Across 22 States"

1 min read
Source: Yahoo Finance
"New Year Rings in Minimum Wage Hikes Across 22 States"
Photo: Yahoo Finance
TL;DR Summary

As the federal minimum wage remains at $7.25, 22 states and 40 cities have increased their minimum wages as of January 1. Seven states and D.C. now have a minimum wage of at least $15, with more states on track to reach that rate. California has set industry-specific minimum wages, with fast food workers earning $20 an hour starting in April. Meanwhile, 20 states still adhere to the federal rate, and cities like New York City and Denver have set even higher local minimum wages due to inflation adjustments. Voters in various states may soon decide on further increases, highlighting a growing trend towards higher living wages across the country.

Share this article

Reading Insights

Total Reads

0

Unique Readers

4

Time Saved

2 min

vs 3 min read

Condensed

78%

507110 words

Want the full story? Read the original article

Read on Yahoo Finance