Latest news on minimum wage

Here are some of the latest news and 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 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 and Local Minimum Wage Updates:

• California: The state minimum wage increased to $15.50 per hour on January 1, 2022, and will continue to increase to $18.00 per hour by 2026.
• New York: The state minimum wage increased to $14.20 per hour on December 31, 2021, and will continue to increase to $15.00 per hour by 2023.
• Florida: The state minimum wage increased to $10.00 per hour on January 1, 2022, and will continue to increase to $15.00 per hour by 2026.
• Seattle, Washington: The city minimum wage increased to $16.39 per hour on January 1, 2022, and will continue to increase to $18.00 per hour by 2025.

International Minimum Wage Updates:

• Canada: The federal minimum wage in Canada increased to $15.00 per hour on April 1, 2022, and will continue to increase to $16.00 per hour by 2023.
• United Kingdom: The national living wage (NLW) in the UK increased to £9.50 per hour on April 1, 2022, and will continue to increase to £10.50 per hour by 2024.
• Australia: The national minimum wage in Australia increased to AU$20.33 per hour on July 1, 2022, and will continue to increase to AU$22.00 per hour by 2023.

Minimum Wage Proposals and Debates:

• In the United States, there is ongoing debate about the impact of a $15 per hour minimum wage on small businesses and the economy.
• In the UK, there are proposals to increase the NLW to £12.00 per hour by 2025, but some argue that this could lead to job losses and higher prices.
• In Australia, there are proposals to increase the national minimum wage to AU$25.00 per hour by 2025, but some argue that this could lead to higher inflation and unemployment.

These are just a few examples of the latest news and updates on minimum wage. If you're looking for more information, I recommend checking out reputable sources such as the U.S. Department of Labor, the International Labor Organization, or news outlets that cover labor and economic issues.