All articles tagged with #wage increase
Michigan's minimum wage will increase from $12.48 to $13.73 in 2024, with plans to reach $15 by 2027, while tipped workers' wages will also rise, amid ongoing legal and legislative debates that have shaped these changes. The increases aim to benefit low-wage workers but pose challenges for some businesses, especially in the restaurant industry.
Michigan's minimum wage will increase to $13.73 an hour starting Jan. 1, 2026, with further increases planned through 2027 and beyond, as part of the Improved Workforce Opportunity Wage Act, which also adjusts wages for tipped workers and minors, and ties future increases to inflation.
Oregon and Washington are set to increase their minimum wages in 2026, with Washington raising it to $17.13 an hour and Oregon adjusting based on inflation, both surpassing the federal minimum wage of $7.25. Experts note that while beneficial for low-income workers, these increases are unlikely to significantly impact overall affordability or wealth inequality, as only a small percentage of workers earn at or below the federal minimum.
Washington will have the highest state minimum wage in the U.S. at $17.13 in 2026, following a series of increases tied to inflation, with local cities like Seattle and Tukwila also setting high wage floors. The policy aims to support low-wage workers despite criticism about potential economic impacts.
California's minimum wage will rise to $16.90 in 2026, with local jurisdictions like Los Angeles debating further increases, including a proposed $30 minimum wage for hotel and airport workers by 2028, amid ongoing industry and political debates.
The University of Minnesota and its 1,400 service workers, represented by the Teamsters, reached a deal ending a strike that threatened the upcoming Farm Aid concert, with the union securing a 3.5% wage increase, allowing the concert to proceed as planned on September 20. The strike involved issues over wages and contract negotiations, and the resolution was aided by late involvement from Governor Tim Walz. The event celebrates its 40th anniversary and continues to support farmers in crisis.
Thousands of Boeing workers at three manufacturing plants went on strike after rejecting a proposed four-year labor agreement that included a 20% wage increase, citing dissatisfaction with the offer and ongoing company struggles following recent plane crashes and financial losses.
Over 3,200 Boeing defense workers went on strike after rejecting a contract offer that included a 20% wage increase, a $5,000 bonus, and other benefits, citing the need for a contract that better reflects their skills and contributions.
United Airlines flight attendants rejected a proposed contract that included immediate raises of at least 26%, citing it did not sufficiently address their years of sacrifice and the need for better quality-of-life improvements, signaling ongoing labor disputes.
Philadelphia city workers and the city reached a tentative agreement ending a strike that halted trash collection, with a 9% wage increase over three years, though union leaders expressed dissatisfaction with the deal. The contract awaits union approval, and city officials plan to discuss the implementation of trash pickup resumption.
On January 1, 2025, the minimum wage will increase in 21 U.S. states, with Illinois, Delaware, and Rhode Island reaching $15 per hour for the first time. California and New Jersey will exceed $17 per hour for some healthcare workers. Many states are linking wage hikes to the Consumer Price Index to keep up with inflation, while seven states will not raise their minimum wages in 2025. California's recent $20 minimum wage law did not lead to significant price hikes or job losses, suggesting a shift in perceptions about wage increases.
Boeing workers have ratified a new contract after a seven-week strike, securing a 43.65% wage increase over four years, a $12,000 ratification bonus, and improved benefits. The contract was approved by a 59%-41% vote, following the rejection of a previous offer. Union leaders and supporters, including Rep. Pramila Jayapal, praised the agreement as a significant victory for workers, emphasizing the importance of fair wages and benefits. The deal is seen as setting a new standard in the aerospace industry, highlighting the power of collective bargaining.
Boeing's machinists strike has ended after workers ratified a new union contract, which included significant concessions from Boeing. The final agreement offers a 38% wage increase over four years, a $7,000 ratification bonus plus a $5,000 401(k) contribution, and a 100% company match on the first 8% of workers' 401(k) contributions. The strike highlighted the workers' efforts to secure better pay and benefits, despite Boeing's initial resistance.
The International Association of Machinists and Aerospace Workers (IAM) union members at Boeing have ratified a new contract, achieving a 43.65% compounded wage increase over four years. This agreement, facilitated by U.S. Secretary of Labor Julie Su, follows a two-month strike and sets a new standard for the aerospace industry. The contract includes a $12,000 ratification bonus, improved retirement contributions, and enhanced job security provisions, marking a significant victory for the 33,000 frontline workers involved.
Boeing workers are voting on what the company claims is its final contract offer, which includes a 38% wage increase over four years, just below the union's demand of 40%. The union is urging acceptance, warning that future offers may be less favorable. Boeing's recent $20 billion stock sale suggests it is serious about this offer. Analysts have a Moderate Buy rating on Boeing stock, with a potential 24.19% upside.