Minimum wage news

Here are some recent news articles and updates on minimum wage:

United States:

• In January 2022, the federal minimum wage in the United States increased from $7.25 to $7.25 per hour, as part of the American Rescue Plan Act of 2021.
• In March 2022, the Biden administration announced a proposal to raise the federal minimum wage to $15 per hour by 2025.
• Some cities and states have already implemented higher minimum wages, such as:
  • California: $15 per hour (2022)
  • New York: $15 per hour (2022)
  • Massachusetts: $15 per hour (2022)
  • Washington D.C.: $15 per hour (2022)

International:

• In the United Kingdom, the minimum wage increased from £8.91 to £9.50 per hour in April 2022.
• In Canada, the federal minimum wage is $15.00 per hour, and some provinces have implemented higher minimum wages, such as:
  • Ontario: $15.00 per hour (2022)
  • British Columbia: $15.65 per hour (2022)
• In Australia, the minimum wage increased from AU$19.49 to AU$20.33 per hour in July 2022.

Recent Research and Studies:

• A study by the Economic Policy Institute found that raising the federal minimum wage to $15 per hour would lift wages for 32 million workers and reduce poverty by 4.5 million people.
• A study by the Federal Reserve Bank of San Francisco found that a $15 minimum wage would increase economic output by 0.5% and reduce income inequality.
• A study by the University of California, Berkeley found that cities that have implemented higher minimum wages have seen significant reductions in poverty and income inequality.

Recent Developments:

• In March 2022, the U.S. House of Representatives passed the Raise the Wage Act, which would gradually increase the federal minimum wage to $15 per hour by 2025.
• In April 2022, the U.S. Senate blocked a bill to raise the federal minimum wage to $15 per hour.
• In May 2022, the International Labor Organization (ILO) called on countries to increase their minimum wages to at least 60% of the median wage to reduce poverty and income inequality.

These are just a few examples of recent news and developments related to minimum wage. If you're looking for more information, I'd be happy to help!