Prices rise as the minimum wage increases in several states

What you should know about NY minimum wage increase on Dec. 31

According to Floridajobs.org, the minimum wage rate is recalculated yearly on September 30, based on the Consumer Price Index. But 29 of the 50 states, along with the District of Columbia, have their own minimum wage laws, and 42 municipalities or counties have minimum wages that are higher than the minimum in their state.

Up until a few decades ago, many economists anxious that raising the minimum wage would lead to employers hiring fewer workers. Some cities in California, Santa Fe in New Mexico, and the whole state of Nevada, are planning minimum wage increases on July 1. The federal minimum for workers who receive tips is $2.13 per hour. "The minimum wage is such a simple, straightforward way to improve wages for people".

The minimum wage per hour for tipped employees rises to $5.44.

OH is one of 18 states adjusting wages in 2019.

The federal minimum wage was last raised in 2009. "Those with children and in expensive states need even more".




"I think the weight of the evidence to date suggests the employment effects from minimum-wage increases in the USA have been pretty small, much smaller than the wage increases", he said.

The $15 minimum wage will be in effect for New York City fast-food workers, too. In Michigan, legislators this year passed a wage increase before it was slated to go on the ballot in November, then, after the election, passed laws reducing the wage increases.

They said the higher minimum wage led to a 6.9 percent decline in the hours worked for those earning under $19 an hour, resulting in a net reduction in paychecks. Businesses may place a higher value on experienced workers, making it more challenging for entry-level employees to find jobs.

Alaska is raising its minimum hourly wage only five cents, from $9.84 to $9.89. She's working toward getting a new professional credential, with which, she hopes, another raise can be forthcoming.

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