Minimum wage news now
Here are some recent news articles and updates on minimum wage:
United States:
- On January 1, 2022, the federal minimum wage in the United States increased from $7.25 to $7.50 per hour, as part of the COVID-19 relief package signed into law by President Joe Biden.
- In March 2022, the 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.
- Many states and cities have also increased their minimum wages above the federal level. For example, California's minimum wage is now $15 per hour, while New York City's minimum wage is $15.60 per hour.
International:
- In the United Kingdom, the minimum wage for adults increased from £8.91 to £9.50 per hour on April 1, 2022.
- In Canada, the federal minimum wage is $15.00 per hour, and many provinces have also increased their minimum wages above this level.
- In Australia, the minimum wage increased from AU$19.49 to AU$20.33 per hour on July 1, 2022.
Recent Research:
- A study by the Economic Policy Institute found that increasing the minimum wage to $15 per hour would lift the wages of over 30 million workers in the United States and reduce poverty and income inequality.
- A study by the Federal Reserve Bank of San Francisco found that a $15 minimum wage would have a positive impact on the economy, including reducing poverty and increasing economic mobility.
Recent Developments:
- In March 2022, the International Labor Organization (ILO) called on governments to increase the minimum wage to at least $12 per hour to help reduce poverty and income inequality.
- In April 2022, the European Union announced plans to increase the minimum wage for workers in the EU to at least €12 per hour (approximately $13.50 per hour) by 2025.
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!