Latest minimum wage news today
Here are some of the latest minimum wage news updates from around the world:
United States:
- The federal minimum wage in the US has been stuck at $7.25 per hour since 2009. There are currently efforts to increase the minimum wage to $15 per hour, with some cities and states having already implemented higher minimum wages.
- In January 2022, the US House of Representatives passed the Raise the Wage Act, which would gradually increase the federal minimum wage to $15 per hour by 2025. The bill is currently pending in the Senate.
California, USA:
- California has implemented a $15 per hour minimum wage for all employers, which went into effect on January 1, 2022.
- The state's minimum wage is indexed to inflation, which means it will continue to increase annually to keep pace with rising costs of living.
New York, USA:
- New York state has implemented a $15 per hour minimum wage for most employers, which went into effect on December 31, 2021.
- The state's minimum wage is also indexed to inflation, which means it will continue to increase annually.
Canada:
- In October 2021, the Canadian government announced plans to increase the federal minimum wage to $15 per hour by 2025.
- Some provinces, such as Ontario and British Columbia, have already implemented higher minimum wages.
United Kingdom:
- The UK's National Living Wage (NLW) increased to £9.50 per hour (approximately $12.50 USD) on April 1, 2022.
- The NLW is the minimum wage for workers aged 23 and over, while younger workers are entitled to the National Minimum Wage.
Australia:
- The Australian government has announced plans to increase the national minimum wage to $25.41 per hour (approximately $18.50 USD) on July 1, 2022.
- The increase is part of a broader effort to address rising costs of living and improve the standard of living for low-income workers.
Other countries:
- In January 2022, the government of Uruguay increased the minimum wage to 22,000 Uruguayan pesos (approximately $250 USD) per month.
- In November 2021, the government of Argentina increased the minimum wage to 45,000 Argentine pesos (approximately $250 USD) per month.
These are just a few examples of the latest minimum wage news from around the world. Minimum wage rates can vary significantly depending on the country, state or province, and even industry, so it's always a good idea to check the specific minimum wage rate for your location.