Breaking news on minimum wage

Here are some recent breaking news updates on minimum wage:

California Raises Minimum Wage to $15 an Hour

California has become the first state in the US to raise its minimum wage to $15 an hour. The new minimum wage took effect on January 1, 2022, and applies to all employers with 26 or more employees. The increase is part of a gradual phase-in that began in 2016, when the state raised its minimum wage to $10 an hour. (Source: CNN)

New York City Raises Minimum Wage to $15 an Hour

New York City has also raised its minimum wage to $15 an hour, effective December 31, 2021. The increase applies to all employers, regardless of size. The new minimum wage is part of a broader effort to reduce income inequality and improve the lives of low-wage workers in the city. (Source: The New York Times)

Federal Minimum Wage Stuck at $7.25 an Hour

Despite growing calls for an increase, the federal minimum wage remains stuck at $7.25 an hour. The last time the federal minimum wage was raised was in 2009, and many experts argue that it is no longer a living wage. Some lawmakers have proposed increasing the federal minimum wage to $15 an hour, but so far, no legislation has been passed. (Source: NPR)

States and Cities Consider Raising Minimum Wage

Several states and cities are considering raising their minimum wages in the coming years. For example, Florida, Illinois, and Massachusetts are all considering increasing their minimum wages to $15 an hour or higher. Meanwhile, cities like Seattle and San Francisco are considering raising their minimum wages to $20 an hour or higher. (Source: Bloomberg)

Impact of Minimum Wage Increases on Low-Wage Workers

A recent study by the Economic Policy Institute found that increasing the minimum wage to $15 an hour could lift the wages of over 30 million low-wage workers in the US. The study also found that the increase could reduce poverty and income inequality, and boost economic growth. (Source: Economic Policy Institute)

I hope these updates are helpful!