Latest news new minimum wage

Here are the latest news updates on minimum wage:

United States:

• On January 1, 2022, the federal minimum wage in the United States increased from $7.25 to $7.25 per hour, as required by the Fair Labor Standards Act (FLSA). However, some states and cities have implemented higher minimum wages.
• In March 2022, the Biden administration proposed a new minimum wage of $15 per hour for federal contractors, which would affect over 400,000 workers.
• In April 2022, a bill was introduced in Congress to raise the federal minimum wage to $15 per hour by 2025.

State-by-State Minimum Wage Updates:

• California: The minimum wage in California increased to $15.50 per hour on January 1, 2022, for employers with 26 or more employees.
• New York: The minimum wage in New York increased to $14.20 per hour on December 31, 2021, for employers with 11 or more employees.
• Florida: The minimum wage in Florida increased to $10.00 per hour on January 1, 2022.
• Illinois: The minimum wage in Illinois increased to $12.00 per hour on January 1, 2022.

International Minimum Wage Updates:

• Canada: The minimum wage in Ontario, Canada, increased to $15.00 per hour on January 1, 2022.
• United Kingdom: The National Living Wage (NLW) in the UK increased to £9.50 per hour (approximately $12.50 USD) on April 1, 2022.
• Australia: The minimum wage in Australia increased to AU$20.33 per hour (approximately $14.50 USD) on July 1, 2022.

Other Developments:

• In March 2022, a study by the Economic Policy Institute found that if the federal minimum wage had kept pace with productivity growth since 1968, it would be over $24 per hour today.
• In April 2022, a report by the Center for American Progress found that raising the federal minimum wage to $15 per hour could lift over 4 million workers out of poverty.

Please note that these updates are subject to change and may not reflect the most recent developments.