Here’s where the minimum wage will increase next year | CNN

Here’s where the minimum wage will increase next year | CNN

Here’s where the minimum wage will increase next year | CNN

In the coming year, minimum wage workers in 22 states and over 40 cities and counties across the United States are set to see an increase in their paychecks. This is primarily due to scheduled wage hikes and some jurisdictions indexing the minimum wage to inflation, typically using the Consumer Price Index as a benchmark. On January 1, 2024, seven states and the District of Columbia will have a minimum wage of $15 or more, with newcomers like Maryland, New Jersey, and most of New York State joining this category. Washington state will boast the highest minimum wage at $16.28 in 2024, closely followed by California at $16.

It’s important to note that while state minimum wage rates are increasing, many cities, counties, and certain industries within these states have even higher minimum wage rates. For example, Tukwila, Washington, will have a minimum wage of $20.29 in January, making it the highest among states, counties, and cities. This trend reflects the ongoing push for higher wages to combat poverty levels and improve the living standards of minimum-wage workers.

The federal minimum wage has remained at $7.25 since 2009, causing advocates to push for significant increases to keep up with the cost of living. As states and local jurisdictions continue to raise their minimum wages, the economic impact is seen as beneficial for both workers and employers. Increased wages put more money in workers’ pockets, leading to higher consumer spending and better employee retention rates for businesses………full-loaf-600x400-1-e1700879832480 Here’s where the minimum wage will increase next year | CNN[read more]

Rising Dough

Rising-Dough-e1700879911412 Here’s where the minimum wage will increase next year | CNNWith minimum wages on the rise in many states and localities, what impact do these increases have on the local economies, businesses, and workers’ quality of life? How does the variation in minimum wage rates across states affect job markets and the cost of living? Explore the economic and social implications of these minimum wage changes, and consider how they might influence the decisions of investors, businesses, and policymakers in the coming years.

*Click on the “Full Loaf” icon to read the full article! After you read the full article, let us know your thoughts.

0 0 votes
Article Rating
stone-street-coffee-logo Here’s where the minimum wage will increase next year | CNN ☕️ **Discover Stone Street Coffee Company – Your Coffee Haven!** Today’s Dough readers, if you’re on the hunt for exceptional coffee and cold brew, look no further than Stone Street Coffee Company. We at Today’s Dough are smitten with their rich coffee blends and refreshing Cold Brew. Stone Street’s commitment to quality shines through in every sip. Now, exclusively for our readers, click the banner above to snag a $5 off coupon on your next order. Experience the finest, ethically sourced beans roasted to perfection. Join the Stone Street community, savor top-notch coffee, and elevate your daily brew. ☕️🌟

Subscribe
Notify of
8ed56c55e9ffd7224401b99984772bd9?s=56&d=mm&r=g Here’s where the minimum wage will increase next year | CNN

0 Comments
Inline Feedbacks
View all comments

Share this content:

0 0 votes
Article Rating
stonestreetcoffee.com ☕️ **Discover Stone Street Coffee Company - Your Coffee Haven!** Today's Dough readers, if you're on the hunt for exceptional coffee and cold brew, look no further than Stone Street Coffee Company. We at Today's Dough are smitten with their rich coffee blends and refreshing Cold Brew. Stone Street's commitment to quality shines through in every sip. Now, exclusively for our readers, click the banner above to snag a $5 off coupon on your next order. Experience the finest, ethically sourced beans roasted to perfection. Join the Stone Street community, savor top-notch coffee, and elevate your daily brew. ☕️🌟

Subscribe
Notify of
guest

0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x
×