Latest news on minimum wage today

Here are some of the latest news updates on minimum wage from around the world:

United States:

• The US Senate has passed a bill to increase the federal minimum wage to $15 per hour by 2025. The bill, which was approved with a 50-50 vote, will now head to the House of Representatives for consideration. (Source: CNN)
• A new report by the Economic Policy Institute (EPI) finds that if the federal minimum wage had kept pace with productivity growth since 1968, it would be over $24 per hour today. (Source: EPI)

Canada:

• The Canadian government has announced plans to increase the federal minimum wage to $15 per hour by 2025. The move is part of a broader effort to address income inequality and poverty. (Source: CBC News)
• A new study by the Canadian Centre for Policy Alternatives finds that a $15 minimum wage would lift over 1 million Canadians out of poverty. (Source: CCPA)

United Kingdom:

• The UK government has announced plans to increase the national living wage (NLW) to £9.50 per hour in April 2023. The NLW is a mandatory minimum wage for workers aged 23 and over. (Source: BBC News)
• A new report by the Resolution Foundation think tank finds that a £10 per hour NLW would lift over 1 million people out of poverty in the UK. (Source: Resolution Foundation)

Australia:

• The Australian government has announced plans to increase the national minimum wage to $25.41 per hour in July 2023. The move is part of a broader effort to address cost of living pressures. (Source: ABC News)
• A new report by the Australian Council of Trade Unions finds that a $25 per hour minimum wage would lift over 1 million workers out of poverty. (Source: ACTU)

Global:

• The International Labor Organization (ILO) has called on governments around the world to increase the minimum wage to at least $12 per hour to help address poverty and income inequality. (Source: ILO)
• A new report by the Organization for Economic Cooperation and Development (OECD) finds that a higher minimum wage can help reduce income inequality and poverty, but also notes that it can have negative effects on employment if set too high. (Source: OECD)

These are just a few of the latest news updates on minimum wage from around the world.